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So from the Bitcoin world, a lot of people don't know, maybe you guys know, maybe not,

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that Bitcoin will have to have a hard...

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Hello and welcome back to the Orange Pill Order.

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I'm Thomas.

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I'm Finn.

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And I'm Taylor.

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And today we've got an absolute banger of an episode lined up.

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We're talking to a guy who literally left Europe, moved to a Caribbean island and is

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now mining Bitcoin with leftover electricity from a dam in Paraguay.

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You pay for teaching kids about money.

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You genuinely could not make this up.

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Yeah, when I was researching this guy, I kept thinking, this sounds like a movie plot.

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He's from Slovakia.

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He was a maths teacher.

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He won an entrepreneur award, moved to China, started a fitness company, then discovered Bitcoin.

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And it just changed his life.

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And the thing that got me is he's not just talking about Bitcoin.

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He's actually out there in Honduras, in Paraguay, in Ethiopia, in El Salvador, on the ground,

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teaching children and adults about money and financial literacy.

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Like, this is real grassroots stuff, guys.

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So, without further ado, Dushan Matushka, co-founder of Amity Age, welcome to the Orange

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Pill Order.

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Big pleasure, guys.

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Thank you very much for inviting me.

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Of course.

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Dushan, thank you for coming on.

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and before we jump in where in the world are you right now and what time is it though

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so i'm right now in ruatan in honduras and it's 1 p.m here so i think the difference is about six

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seven hours between us yeah and yeah so uh we're just going to a lunchtime after the podcast so

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it's a nice beautiful day here yeah it looks it looks very nice in the background yeah it really

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does so sean let's go right back to the beginning you're from slovakia you are a maths teacher

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how does someone go from teaching maths in Bratislava to mining Bitcoin in Paraguay

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and running a Bitcoin education center on a Caribbean island?

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What happened?

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Well, it's a couple of years in between those.

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I started to teach math and physics and English when I was about 17.

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I started tutoring kids.

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Fell in love with that.

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I used to be a math guy my whole teenage years.

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I won some competitions.

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So kind of my father got me into mathematics.

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So starting to teach very soon, and I was doing it for a couple of years, really fell in love with it.

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When you really can't explain the kids' math, they thought like, oh, I don't have genes for it.

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This is not for me.

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And suddenly they start to understand the basics, build on it, get self-confidence.

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And then the parents pay them more respect.

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That was kind of really life-changing for me.

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And I decided, like, I want to do this full-time.

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I also mentioned I had a construction company in between.

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I was building workout parks.

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This was kind of my passion when I was about 20, up to 25.

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We built a construction company, kind of the biggest in the region,

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currently built about 700 workout parks across Europe.

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So that was a couple of years till I got back into TAG and into Bitcoin.

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So 2015, when I heard the first time about Bitcoin, really said that it's a scam, it's a bonzi scheme.

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You know, this is not for me.

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I was coming from the math angle, being super skeptical.

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And it took me two years till I really sit properly and I did like a deeper research when I said, OK, this really made sense.

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And so I kind of left my construction company and gave it to my co-founders.

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And I told them, hey, guys, I want to get back to education.

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but this time, you know, financial literacy and Bitcoin.

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So 2017 was when I really got deeper into it

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and since then that was my life mission.

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So started to teach Bitcoin in schools,

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translated a couple of books into Slovak language,

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worked with teachers across schools doing a podcast.

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So multiple things in Slovak language

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and I became basically a sustainable educator.

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So Bitcoin education was my main job for a couple of years.

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I was doing webinars, getting clients for one-on-one consultations.

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And practically, I was teaching Bitcoin six to eight hours a day.

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Slowly, I would say burning out because it was kind of intense.

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And I decided to scale it up.

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And that's where mining came into the picture in 2021.

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So on one of the consultations, I met a guy named Gabriel.

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He said in the end, hey, you know, for Bitcoin mining, you need electricity.

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right? I'm like, yeah. He said, you need cheap electricity. I'm like, yeah. Yeah, because my

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mother-in-law, she owns a power plant and maybe we can ask her if we can start mining there.

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I'm like, wow, okay, that sounds interesting. So it was a small biogas power plant. So we were

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turning cow into Bitcoin. We were a proper coiners. And this is how we started our journey in 2021

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and then scaled to various other countries. So today mining in four or five different countries.

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Yeah, that is really awesome. It's a very interesting story. So once you went down that rabbit hole in 2017, what was the moment where you thought like, right, this is something I'm like, just interested in this is something I'm going to dedicate my whole life to?

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well i really it kind of slapped me over my face because i spent five years um studying in

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university management and economics and during those five years from uh 2012 to 2017 when i

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graduated and imagine i i i have a major i have a master's degree in in economics and none of the

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lessons we had was about Austrian economics. So I had no idea that something like that exists.

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And then the Bitcoin comes into picture and shows you a completely different side, like, oh, there

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is this different approach to economics where government doesn't need to print money, when

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people, you know, can have private money, and like everything about these libertarian ideas. And I

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felt fooled. I felt like, what the heck I was doing five years in school, right? So I realized,

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yeah, this felt more like closer to reality,

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closer to where my values were at the time

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about freedom, about entrepreneurship,

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about private property.

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And I felt like, okay, now economy suddenly makes sense.

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Because during the schools, I was like,

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yeah, we're just drawing some lines

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and this aggregate demand, aggregate supply.

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It felt so disconnected.

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But suddenly with Bitcoin, everything felt like,

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wow, now it makes complete sense.

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I started to love economics suddenly.

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And I was like, okay, okay.

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I stumbled across something that really is life-changing.

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And looking at a history of money and all the trial and error since 1970s

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of creating real decentralized digital money,

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then Bitcoin coming to the picture, I was like, okay,

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this is something that I really need to grab it better and understand it better.

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And the deeper I went to the rabbit hole, the more I realized,

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like yeah i think this is the best thing i can do with my life just to connect my passion for

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teaching with bitcoin that's one of the best tools that we can we have around and just spread

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across the world to help 100 million people learn about bitcoin yeah that's very interesting yeah

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that is great the goal you've got is so um awesome yeah that achievement once it's hit will be so

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monumental to you but and i think that's what we're trying to achieve as well as the kind of

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voice of gen z because we don't want well as you said you you spent five years studying economics

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just to feel like you've been like cheated out of it basically because yeah three of us we all

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study economics literally right now in school and we look at each other like yeah it doesn't really

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make sense we question our teachers and they just don't know the answers yeah so you gave yeah i

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know the feeling yeah so you gave your first bitcoin workshop in 2018 to about 40 people

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what was that people into it or were they looking at you like you were crazy

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i was really nervous you know because i felt like i'm still super new in the in the space and um

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But at the time, I had a background in teaching.

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So I felt like, okay, it's a foundation I can rely on.

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Plus, I was teaching a little bit of public speaking as well.

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So I kind of put together things that I feel like is going to be a good thing.

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But yeah, there was the community that was around at the time.

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And in Slovakia, we had a very strong Bitcoin community.

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We had one of the first meetups ever in 2010.

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There was a Bitcoin meetup in Slovakia.

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But Vitalik Buterin, the founder of Ethereum, was in Slovakia on Bitcoin meetups way before he founded Ethereum.

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So the foundation in Slovakia and the first guys that were in the space were really solid.

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And they're very good cypherpunk.

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So we had a very good foundation there.

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But they saw me as like, oh, who's this random guy that wants to teach about Bitcoin?

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At the time, I was teaching crypto, right?

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So I wasn't a pure Bitcoiner at the time because, you know, 2017, we didn't have lightning around.

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So we were paying with Litecoin for our coffees.

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We were running a crypto-only cafeteria at the time.

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So a place where you can come, but you can pay only with crypto.

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So at the time, maybe 80% of payments were in Litecoin, right?

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Because Bitcoin, you pay $2 for a coffee.

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The fee was $2 as well.

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So it didn't make sense.

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so yeah I mean teaching at a time felt like you know I knew I want to do it but people were

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slightly hesitant but the outcome of the participants were very positive and they

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wanted me to do it again and again so that's where I felt like okay I stumbled upon something that

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made a lot of sense and what really got me much deeper into rabbit hole and helped me a lot was

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I kind of announced free education on my Facebook at the time.

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And I told like, hey, guys, every day since like from three to five,

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I will be in this cafeteria just studying, doing my stuff.

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But if you want to come, we will going to be talking about Bitcoin.

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So some days nobody showed up.

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Some days one people, two people, one person.

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And sometimes I didn't have answers to them when they asked me something.

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But I always told them, hey, I'm going to find out the answer, learn it, and I'm going to get back to you.

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And this is what really helped me to understand the concepts better and properly get the arguments in place and analogies and everything.

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So looking backwards, this was probably one of the best things I did to educate myself and the others and to really get very quickly, very deep in the rabbit hole.

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Wow, that's crazy and honestly inspiring how far you've come.

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I mean, you mentioned educating 100 million people by 2030 about Bitcoin and that goal.

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That's a massive number. Where did the target come from?

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So when I was brainstorming about it, it was during COVID.

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So roughly 2020, 2021.

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And I was like, I would like to get some number that is like crazy huge

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that I need to think completely differently about it.

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That will kind of throw me out of the box of thinking.

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and as well I wanted to have it connected to Bitcoin.

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So I want to educate as many people as there are Satoshis in one Bitcoin.

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So that's where the number 100 million came from.

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And that kind of pushed me more in the direction that,

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okay, I cannot and I don't want to do it alone.

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And I don't understand all the nuances of various cultural approaches

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in different countries.

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You know, Bitcoin is this huge thing and every country,

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every individual can take the piece that best fits them. So I didn't want to be like, oh, I'm the guy

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who will educate everybody and I have the right approach. I was, no, like there's things that

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worked in general in my type of education and I was able to teach others how to do it. So this is

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what I decided, like I would really love to help other educators get into the space and teach them

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how to educate better because then they can take that, combine it with their knowledge of the culture

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of their local communities and become these, I call it,

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lighthouses of hope, the orange lighthouses of hope

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for their own communities.

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So that's where the Bitcoin Educators Academy was born.

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That's our flagship project right now.

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We did it in 20 countries around the world already.

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And so we are traveling a lot.

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We are pivoting it to online too.

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So not only in person, but online.

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So that is kind of the main flagship project

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that should get us there.

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So if we help 10,000 educators get better at what they do and become full-time and sustainable, then they can, if on average, they will inspire other 10,000 people, we can get to 100 million in this way.

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So that's kind of my mental framework around it.

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I don't think it's doable till 2030 since the time is running crazily fast.

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um but i in the end i kind of expanded it like if i managed to do it no matter when

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i will be a happy guy so 2030 is i think very very optimistic timing

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yeah definitely i mean it's a it's a it's a great goal and i think uh well eventually we will all of

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us together will have a will have educated more than 100 million people fingers crossed fingers

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crossed um so now let's talk about amity age you and your friend gabrielle kozak started this

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in slovakia and originally you were mining as you said bitcoin using energy from animal waste

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could you tell us more about that yeah i mean um as i said gabrielle's uh madre-in-law she owned

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this power plant she was the first woman in slovakia that ever built it um and she's just

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very inspiring woman. So it was a small power plant, 0.5 megawatts, like nothing big really.

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And we practically decided to do it. I did a math at the time around it. And we were kind of lucky

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because this was around a time when the hash rate dropped significantly after China ban

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by like 50%. And suddenly the math made so much sense, right? It was like,

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shit, we will be printing money.

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So we ordered a container from Lithuania.

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We were a little bit hesitant because it was not coming.

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The guys were not replying to us, so we felt we got scammed.

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But in the end, it arrived.

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And then I told my clients that I already had a time, like, hey, guys, we're going to do

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this mining.

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If you want to just buy machines, we take care of them.

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We'll host them for you.

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And suddenly, in like two, three weeks, we filled up the whole container.

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It was at the time about like almost $2 million of investment of hardware.

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And I was like, it's getting real right now.

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Like, oh my God, now we need to take it seriously.

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So yeah, we started like that.

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And yeah, the waste or the main source of energy at the time was the corn,

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like the waste from corn and the waste from cows, right?

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The cow dump.

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And yeah, that was kind of the fuel for our biogas power plant.

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And we were turning it into Bitcoin.

224
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So a proper sh** coinery there.

225
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Well, and then we scaled to another biogas plant.

226
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So we were running about one megawatt, roughly 350 miners on average.

227
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And then the energy prices went up.

228
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In 22, the war in Ukraine came in.

229
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And we were like, okay, we need to do something.

230
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because they called us from the power plant, told us that,

231
00:16:20,980 --> 00:16:22,900
hey guys, any day we can turn you off

232
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because there is this regulation that we as power plants,

233
00:16:27,640 --> 00:16:31,400
we need to give energy to the grid and not to private consumers.

234
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We're like, oh fuck.

235
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We cannot risk that for our clients and ourselves.

236
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So we moved to Czech Republic.

237
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We spent so much money for the new infrastructure

238
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and we stayed maybe five weeks, maybe a month.

239
00:16:44,360 --> 00:16:47,220
And then we shipped everything out to Paraguay.

240
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So yeah, the journey is pretty bumpy.

241
00:16:50,420 --> 00:16:54,080
And, you know, I'm sometimes second guessing.

242
00:16:54,080 --> 00:16:58,780
Like if I knew everything about mining and logistics that I know today,

243
00:16:58,860 --> 00:17:00,080
would I really start that?

244
00:17:00,780 --> 00:17:03,660
But sometimes as an entrepreneur, you need to be naive in some way

245
00:17:03,660 --> 00:17:07,700
because if you knew all the risks and everything that can go wrong,

246
00:17:08,360 --> 00:17:13,460
I don't even know if I started my first company or MTAs or like anything.

247
00:17:13,620 --> 00:17:15,340
But it's a beautiful journey in the end.

248
00:17:15,340 --> 00:17:23,820
yeah definitely and i we've got a quick question from a gen z perspective the name amity age

249
00:17:23,820 --> 00:17:31,180
where does that come from and what does amity actually mean yeah i mean we were brainstorming

250
00:17:31,180 --> 00:17:38,440
quite a lot about how to call our company and we had a couple of uh kind of pillars around it so

251
00:17:38,440 --> 00:17:43,640
first of all we didn't want to sound boring because if you go to a conference every second

252
00:17:43,640 --> 00:17:45,620
company is coin this

253
00:17:45,620 --> 00:17:46,640
block that

254
00:17:46,640 --> 00:17:49,160
and all of these kind of

255
00:17:49,160 --> 00:17:51,180
things around Bitcoin

256
00:17:51,180 --> 00:17:53,700
and block and suddenly it becomes

257
00:17:53,700 --> 00:17:55,480
so like kind of the same thing.

258
00:17:56,340 --> 00:17:57,380
We wanted to have

259
00:17:57,380 --> 00:17:58,880
an approach of almost like Apple.

260
00:17:59,460 --> 00:18:01,460
If you don't know what Apple is doing

261
00:18:01,460 --> 00:18:03,560
and somebody just shows you a logo and a name, you have no

262
00:18:03,560 --> 00:18:05,500
idea to know that they are doing software or

263
00:18:05,500 --> 00:18:07,580
hardware, right? Something that doesn't

264
00:18:07,580 --> 00:18:09,500
resemble Bitcoin on

265
00:18:09,500 --> 00:18:11,020
the first layer at all, right?

266
00:18:11,100 --> 00:18:13,580
You hear AmityAge, you see the face

267
00:18:13,580 --> 00:18:18,320
of the girl you're like what the hell has to do with bitcoin so that was kind of our one of the

268
00:18:18,320 --> 00:18:26,360
ideas and uh the other was that we are thinking hard what really bitcoin means to us and we came

269
00:18:26,360 --> 00:18:35,400
to this conclusion that bitcoin for us represents a tool a solution that can take us to the future

270
00:18:35,400 --> 00:18:41,720
where we can have more cooperation if we have one standard of value because if every country

271
00:18:41,720 --> 00:18:43,620
their own money, it's so difficult.

272
00:18:43,780 --> 00:18:45,460
The same as imagine if every country

273
00:18:45,460 --> 00:18:47,720
has their own measurement of length.

274
00:18:48,380 --> 00:18:51,540
Like to just go from meters in Slovakia

275
00:18:51,540 --> 00:18:55,600
to meters in UK, you know, it's so inefficient.

276
00:18:56,600 --> 00:18:59,260
And the second thing, if governments cannot print money

277
00:18:59,260 --> 00:19:01,620
and we live on Bitcoin standard,

278
00:19:01,880 --> 00:19:04,320
I believe we have more harmony and peace

279
00:19:04,320 --> 00:19:07,160
because they cannot finance these stupid wars

280
00:19:07,160 --> 00:19:07,780
around the world.

281
00:19:08,820 --> 00:19:11,400
And the word amity in translation means

282
00:19:11,400 --> 00:19:14,940
cooperation, fellowship, and friendship, and harmony.

283
00:19:15,380 --> 00:19:19,460
So we see Bitcoin as the tool that can take us to the age of cooperation,

284
00:19:19,620 --> 00:19:22,380
to the age of harmony, to the age of amity.

285
00:19:22,900 --> 00:19:26,380
So we just put these words together and we created Amity Age.

286
00:19:27,040 --> 00:19:32,680
And then we said, okay, but we want somebody who will represent this change

287
00:19:32,680 --> 00:19:34,280
or who will represent this drive.

288
00:19:35,340 --> 00:19:36,680
And Satoshi is gone.

289
00:19:36,780 --> 00:19:37,840
He's not around anymore.

290
00:19:37,840 --> 00:19:46,560
So we created his granddaughter, this kind of young blood that represents us, the new Bitcoiners, the new wave of Bitcoiners.

291
00:19:46,660 --> 00:19:52,380
We'll take this torch and spread it to the world and just go around and speak about this tool.

292
00:19:53,280 --> 00:20:07,820
And in a similar way, as you have these, you know, these young characters like Arya Stark in Game of Thrones, you know, she's the one, the young blood that's kind of revenging the father, you know, changing the world for the better.

293
00:20:07,840 --> 00:20:10,500
or Princess Leia in Star Wars.

294
00:20:10,600 --> 00:20:13,060
So we were thinking about like a girl character

295
00:20:13,060 --> 00:20:15,700
that will kind of, again, be totally different,

296
00:20:15,940 --> 00:20:20,620
something completely off the regular technical Bitcoin narrative.

297
00:20:21,200 --> 00:20:24,760
So we love to play with these contrasts a lot.

298
00:20:25,440 --> 00:20:27,880
And yeah, it kind of fitted perfectly into the picture.

299
00:20:28,040 --> 00:20:30,040
So we came with Amity Nakamoto

300
00:20:30,040 --> 00:20:33,060
and we want to kind of speak more over her language

301
00:20:33,060 --> 00:20:34,600
that Amity teaches you.

302
00:20:34,700 --> 00:20:36,880
Amity is, you know, helping people out.

303
00:20:36,880 --> 00:20:39,860
And we created her in a way that she's kind of playful.

304
00:20:40,320 --> 00:20:40,860
She's still young.

305
00:20:40,940 --> 00:20:42,980
She's still a teenager, but she's bold.

306
00:20:43,100 --> 00:20:45,840
She's not afraid to say, fuck the banks.

307
00:20:46,320 --> 00:20:47,300
Inflation is theft.

308
00:20:48,240 --> 00:20:53,600
So with Gabriel, we're kind of imagining kind of slightly dystopian future.

309
00:20:54,020 --> 00:20:58,900
In the future, if they're going to be in a huge oppression by the government

310
00:20:58,900 --> 00:21:03,960
and people on the streets will be kind of spraying the murals of little Amity

311
00:21:03,960 --> 00:21:06,700
with these stencils, you know, representing like,

312
00:21:07,120 --> 00:21:09,480
that's the rebellion against the establishment.

313
00:21:09,720 --> 00:21:12,380
So the Amity will be representing that.

314
00:21:12,540 --> 00:21:17,160
So it kind of played with this branding and a little bit of the story

315
00:21:17,160 --> 00:21:18,640
and we enjoy that.

316
00:21:21,160 --> 00:21:23,020
Okay, well, so yeah.

317
00:21:23,260 --> 00:21:26,300
I mean, I think it's a great character to have.

318
00:21:26,840 --> 00:21:29,340
Well, we've got her right here on your board.

319
00:21:30,280 --> 00:21:30,720
Nice.

320
00:21:31,940 --> 00:21:32,380
Perfect.

321
00:21:32,600 --> 00:21:33,620
Where did you get the book?

322
00:21:33,960 --> 00:21:43,540
um my mom actually got it for me um yeah so wonderful well that's a yeah great book

323
00:21:43,540 --> 00:21:56,780
um pleasure pleasure perfect uh going back to uh kind of your shift from slovakia to rorotan so

324
00:21:56,780 --> 00:22:02,440
well i mean this really like kind of where your story is getting interesting so you're in slovakia

325
00:22:02,440 --> 00:22:07,820
mining with the biogas and then obviously as you said covid hit and it messed up everything in

326
00:22:07,820 --> 00:22:14,080
europe and then you hear about this island in honduras called roatan so can you talk us through

327
00:22:14,080 --> 00:22:20,280
that and how did you even find out about it it's a huge coincidence again like my life is just

328
00:22:20,280 --> 00:22:26,940
mixture and connection of a lot of coincidences um so this one came in a way that one of our

329
00:22:26,940 --> 00:22:32,560
mining clients, a friend of mine, he bought a land here. He visited, he loved the island,

330
00:22:32,680 --> 00:22:37,700
he bought a land and he sent me pictures of this beautiful place. And he said, man, you need to come

331
00:22:37,700 --> 00:22:41,680
to Ruatown. Like this is heaven here. I'm like, what the hell? Is it Asia, Africa? I had no idea

332
00:22:41,680 --> 00:22:46,380
where is that place. Like never heard of that before. And he's like, no, no, no, it's Honduras.

333
00:22:46,840 --> 00:22:50,900
I mean, like I checked Honduras, one of the most dangerous countries around the world.

334
00:22:51,400 --> 00:22:55,020
I'm like, hey, are you safe there? He was like, yeah, yeah, it's totally fine. It's an island,

335
00:22:55,020 --> 00:23:01,600
it's super safe okay we need to come and what really made me come here was that uh the land he

336
00:23:01,600 --> 00:23:09,000
bought was in czech village and i was like what the hell are czechs doing on roatan and me from

337
00:23:09,000 --> 00:23:14,720
slovakia we used to be one nation czechoslovakia 30 years ago i was like how come that they came

338
00:23:14,720 --> 00:23:32,259
here so i needed to investigate it so we came in 2022 actually one week after the war started so So when we came here kind of you know shocking We didn know what to do Half a million Ukrainians came to Slovakia over the border since we were next to them

339
00:23:32,799 --> 00:23:37,899
So we were really thinking to stay longer and maybe even bring our parents until the situation resolved.

340
00:23:38,139 --> 00:23:40,659
So it was kind of a rough times when we came here.

341
00:23:41,179 --> 00:23:42,359
But we fell in love with the island.

342
00:23:42,359 --> 00:23:43,779
We explored the Czech village.

343
00:23:44,039 --> 00:23:46,719
We understood that they came because they built a brewery here.

344
00:23:46,719 --> 00:23:49,739
the biggest beer-drinking nation around the world.

345
00:23:50,819 --> 00:23:53,399
So it has to do with the beer, of course.

346
00:23:54,219 --> 00:23:56,799
And they stayed, they built a pirate ship.

347
00:23:56,899 --> 00:23:59,479
So this story is pretty crazy here of the Czechs.

348
00:24:00,279 --> 00:24:04,919
The same guy who built a brewery flew to London to a national museum,

349
00:24:05,299 --> 00:24:07,739
get the sketches of black peril.

350
00:24:08,259 --> 00:24:11,039
He built a black peril here roaming around Caribbean.

351
00:24:11,259 --> 00:24:14,779
Then it got sung here on Roatan again, so kind of the loop closed.

352
00:24:15,699 --> 00:24:17,479
And then they build the Czech village.

353
00:24:18,039 --> 00:24:21,559
So we were here on the island exploring the whole place and nature,

354
00:24:21,999 --> 00:24:22,679
falling in love with it.

355
00:24:22,859 --> 00:24:24,359
I'm doing sailing for 20 years.

356
00:24:24,559 --> 00:24:27,479
So I just, when I'm around the water, I just love it.

357
00:24:28,239 --> 00:24:32,219
So, and just the two days before I left the island,

358
00:24:32,219 --> 00:24:34,979
there was something called the Prospera Summit happening.

359
00:24:35,439 --> 00:24:36,539
Just found it on Twitter.

360
00:24:37,199 --> 00:24:38,919
And I was super skeptical because they were like,

361
00:24:39,019 --> 00:24:41,139
oh, it's a crypto-friendly city.

362
00:24:41,719 --> 00:24:44,259
And me as a Bitcoiner, when I hear crypto,

363
00:24:44,259 --> 00:24:46,879
I'm like very like, what is that?

364
00:24:46,979 --> 00:24:47,879
Like super skeptical.

365
00:24:48,599 --> 00:24:50,339
And I was like, okay, I'm here.

366
00:24:51,299 --> 00:24:53,219
It's just five miles away.

367
00:24:53,399 --> 00:24:53,979
Let's check it out.

368
00:24:54,019 --> 00:24:54,839
What is that?

369
00:24:55,239 --> 00:24:56,259
So we came in.

370
00:24:56,399 --> 00:24:59,059
I really expected just five people on the beach cheering for freedom.

371
00:24:59,279 --> 00:25:04,499
And they were these buildings already, you know, standing, very beautiful place.

372
00:25:04,939 --> 00:25:11,899
And about 30, 40 people, some of them like entrepreneurs, some of them very Bitcoin OGs from 2010.

373
00:25:11,899 --> 00:25:18,219
There was a guy who was running the first ever talk show that talked about Bitcoin in the world in 2010.

374
00:25:18,459 --> 00:25:25,419
Even it said that Roger Ver was orange billed by this same show that this guy was running.

375
00:25:25,839 --> 00:25:27,419
And he was there on the event.

376
00:25:27,719 --> 00:25:29,439
I'm like, oh my God, this is an interesting place.

377
00:25:29,999 --> 00:25:36,339
So we had the idea, the opportunity to present ideas to develop here on Roatan in Prospera.

378
00:25:36,679 --> 00:25:40,079
I'm like, okay, let's pitch the Bitcoin Center.

379
00:25:40,079 --> 00:25:47,359
For some time, I wanted to have a place that people can come to, have a coffee for Bitcoin, have an ATM, learn about Bitcoin.

380
00:25:47,459 --> 00:25:48,899
It's kind of almost like a Bitcoin school.

381
00:25:49,859 --> 00:25:52,159
And the guy in the first row, he was like, yeah, I love the idea.

382
00:25:52,219 --> 00:25:52,739
What do you need?

383
00:25:52,859 --> 00:25:55,159
I'm like, oh, space maybe to build it.

384
00:25:55,919 --> 00:25:57,259
He was like, okay, let me take you to a building.

385
00:25:57,339 --> 00:26:00,659
If you like it, you can build your Bitcoin center there.

386
00:26:00,939 --> 00:26:04,719
And he took me to the building where we are right now for four years already.

387
00:26:05,179 --> 00:26:07,939
It's the highest viewpoint of the whole island, beautiful place.

388
00:26:07,939 --> 00:26:11,099
and we spent two hours talking about Ayn Rand,

389
00:26:11,299 --> 00:26:12,599
objectivism, Bitcoin.

390
00:26:13,459 --> 00:26:15,379
And he said, yeah, name your rent,

391
00:26:15,719 --> 00:26:16,599
build your Bitcoin center.

392
00:26:17,339 --> 00:26:20,439
I'm like, so this is super hard to say no to it.

393
00:26:21,039 --> 00:26:22,539
So I spoke with my girlfriend.

394
00:26:22,779 --> 00:26:25,019
She's like, okay, let's do it.

395
00:26:25,179 --> 00:26:26,819
Our next chapter is going to be on Rotan.

396
00:26:27,499 --> 00:26:28,639
And here we are.

397
00:26:28,639 --> 00:26:30,399
I'm sitting here after four years

398
00:26:30,399 --> 00:26:33,679
and we spend here about five, six months of a year.

399
00:26:34,379 --> 00:26:36,399
Build the center, Orange Pilling the Island,

400
00:26:36,399 --> 00:26:39,339
got about 60 businesses accepting Bitcoin,

401
00:26:39,779 --> 00:26:41,699
working with multiple schools across the island,

402
00:26:42,019 --> 00:26:43,839
helped some Bitcoiners to relocate here,

403
00:26:44,359 --> 00:26:45,639
bought properties for Bitcoin.

404
00:26:46,359 --> 00:26:48,659
So yeah, slowly painting the island orange

405
00:26:48,659 --> 00:26:54,459
and living in the most friendly Bitcoin jurisdiction in the world.

406
00:26:57,319 --> 00:27:01,619
Wow, honestly, that is a crazy story.

407
00:27:02,179 --> 00:27:02,799
It is, man.

408
00:27:03,259 --> 00:27:04,559
I just don't know how it happened.

409
00:27:04,559 --> 00:27:07,919
It's like just, yeah, the universe somehow likes me, I would say.

410
00:27:10,579 --> 00:27:13,519
As someone from a Gen Z sort of perspective,

411
00:27:14,019 --> 00:27:19,079
Prospera sounds like it was designed by someone who played too much SimCity in a way,

412
00:27:19,219 --> 00:27:23,019
but obviously in a good way, like a private city with its own legal system

413
00:27:23,019 --> 00:27:26,359
where you can pay your taxes in Bitcoin in five minutes.

414
00:27:26,639 --> 00:27:28,679
That's kind of the dream, isn't it?

415
00:27:28,679 --> 00:27:37,319
honestly that's one of the main reasons why i really stayed here if it was only for roata and

416
00:27:37,319 --> 00:27:43,739
its beauty and and you know the nature i don't think i would stay i would maybe visit from now

417
00:27:43,739 --> 00:27:48,339
and then but wouldn't just dedicate my life to it but what really was a tipping point was prospera

418
00:27:48,339 --> 00:27:54,839
um it is a private jurisdiction where bitcoin is a legal tender actually it was a legal tender

419
00:27:54,839 --> 00:28:01,099
before Salvador, but not so many people know it because it wasn't marketed as much. So it was the

420
00:28:01,099 --> 00:28:06,059
first legal tender ever. And currently it's the only jurisdiction in the world with Bitcoin as a

421
00:28:06,059 --> 00:28:12,659
unit of account. So you can run your full accounting of your company fully in Bitcoin. You don't need

422
00:28:12,659 --> 00:28:17,199
to touch and account for fiat anymore. You don't need to do these conversions. Oh, I received one

423
00:28:17,199 --> 00:28:24,399
Bitcoin and what was the exchange rate today? No, bad. Like you don't need to do it. So that was

424
00:28:24,399 --> 00:28:26,319
super interesting to me.

425
00:28:26,819 --> 00:28:28,919
And you can pay all your fees

426
00:28:28,919 --> 00:28:32,459
towards the government in Bitcoin.

427
00:28:32,579 --> 00:28:34,219
So I'm paying with Lightning for my taxes.

428
00:28:34,999 --> 00:28:38,739
I'm paying my residency card in Lightning.

429
00:28:39,499 --> 00:28:41,879
So it's like really crazy

430
00:28:41,879 --> 00:28:46,079
what can be built if city is run as a business.

431
00:28:46,719 --> 00:28:48,119
And I'm a super huge fan,

432
00:28:48,239 --> 00:28:49,499
and I was at the time already,

433
00:28:49,759 --> 00:28:51,059
a big fan of private cities.

434
00:28:51,059 --> 00:28:54,559
it kind of sounds that it cannot work.

435
00:28:54,659 --> 00:28:55,939
Like, how can you have a private city?

436
00:28:56,499 --> 00:28:59,379
But if you think about it, you know, what I love about Prospera,

437
00:28:59,419 --> 00:29:02,219
and I used to tell it a lot, is that it can go bankrupt.

438
00:29:02,779 --> 00:29:05,659
And it sounds very counterintuitive, like, why can you love it?

439
00:29:06,039 --> 00:29:07,339
But it's the same as with businesses.

440
00:29:07,479 --> 00:29:09,999
If businesses can go bankrupt, they think differently.

441
00:29:10,539 --> 00:29:14,179
They think about how much, like, what's the best value I can provide

442
00:29:14,179 --> 00:29:16,159
to get customers to survive?

443
00:29:16,599 --> 00:29:20,079
Because every other government, they can go bankrupt forever

444
00:29:20,079 --> 00:29:25,399
and they bail themselves out by printing more money and getting more into debt, right?

445
00:29:25,439 --> 00:29:27,519
So they don't care about being efficient.

446
00:29:27,699 --> 00:29:31,939
They don't care about being, you know, wise with spending money.

447
00:29:32,139 --> 00:29:33,899
They know that they can bail themselves out.

448
00:29:34,319 --> 00:29:36,859
But when it comes to businesses, well, if you mess up,

449
00:29:37,179 --> 00:29:40,179
maybe one time somebody will bail you out as an investor.

450
00:29:40,299 --> 00:29:43,359
But if you do it for long term, thank you, goodbye.

451
00:29:44,179 --> 00:29:48,919
So when Prosper can go bankrupt, they treat you as a client, as a customer,

452
00:29:48,919 --> 00:29:50,639
as a co-creator of the space.

453
00:29:50,999 --> 00:29:52,619
So suddenly you don't feel as a tech slave.

454
00:29:52,659 --> 00:29:56,319
You feel like you are creating the space with them.

455
00:29:56,639 --> 00:29:57,959
You are being listened to.

456
00:29:58,879 --> 00:29:59,779
You're being heard.

457
00:30:00,079 --> 00:30:02,019
And you can really, like right now, actually,

458
00:30:02,019 --> 00:30:06,599
I helped Prospera to kind of decide

459
00:30:06,599 --> 00:30:09,999
that BTC Pay server will be the main POS of choice.

460
00:30:10,139 --> 00:30:11,439
And we are right now going to integrate

461
00:30:11,439 --> 00:30:13,919
across the whole Prospera BTC Pay server

462
00:30:13,919 --> 00:30:16,259
properly hosted on their servers.

463
00:30:16,999 --> 00:30:18,279
And on top of that,

464
00:30:18,279 --> 00:30:20,039
we'll be building a couple of other plugins.

465
00:30:20,739 --> 00:30:23,079
Prospera, for example, one of the crazy thing

466
00:30:23,079 --> 00:30:25,599
is they have a 3D land register,

467
00:30:26,079 --> 00:30:31,339
which means you don't need to just buy a meter squared.

468
00:30:31,579 --> 00:30:33,359
You can buy a cubic meter of space.

469
00:30:33,999 --> 00:30:34,739
What's the benefit?

470
00:30:35,159 --> 00:30:36,279
If you have a view,

471
00:30:37,059 --> 00:30:39,539
if you have an ocean view of your condo

472
00:30:39,539 --> 00:30:41,699
and you don't want anybody to build up there,

473
00:30:41,799 --> 00:30:43,479
you can buy that space.

474
00:30:43,959 --> 00:30:44,859
And if somebody wants to build,

475
00:30:45,279 --> 00:30:46,839
they cannot because it's your space.

476
00:30:46,839 --> 00:30:50,079
It's your kind of GPS location in the space.

477
00:30:50,739 --> 00:31:04,859
And the crazy part about it is that Prospera allows, like, okay, you can buy this, you know, cubic space, but you can sell it on a secondary market to other Prospera residents using liquid.

478
00:31:05,399 --> 00:31:14,939
So you can have these assets on top of liquid and you can just easily, you know, buy and sell on the secondary market.

479
00:31:15,499 --> 00:31:17,739
All of the buyers needs to be Prospera your residents.

480
00:31:17,879 --> 00:31:19,739
So there is a kind of a wide listing.

481
00:31:20,339 --> 00:31:21,779
And that's why Liquid is a good for it.

482
00:31:22,139 --> 00:31:27,679
We kind of put a pause on this because there are different, more important stuff Prospera needs to work on right now.

483
00:31:27,959 --> 00:31:29,379
But this is kind of the direction where it's going.

484
00:31:29,379 --> 00:31:34,919
So Prospera is not afraid to explore very interesting Bitcoin tech and the usability of it.

485
00:31:35,879 --> 00:31:39,639
And it's like these crazy ideas that you normally don't have anywhere else.

486
00:31:39,759 --> 00:31:40,899
Here, this is like a norm.

487
00:31:40,899 --> 00:31:43,859
and that's where I'm kind of inspired to be around

488
00:31:43,859 --> 00:31:46,739
and just co-create and be part of it

489
00:31:46,739 --> 00:31:49,459
and just bring Bitcoin to one of the most free,

490
00:31:49,519 --> 00:31:51,079
if not the most free jurisdiction in the world.

491
00:31:52,459 --> 00:31:54,079
Yeah, that sounds incredible.

492
00:31:54,239 --> 00:31:55,259
I think we need to move there.

493
00:31:55,419 --> 00:31:57,839
That's actually quite a relief for me personally

494
00:31:57,839 --> 00:32:00,879
because, I mean, it shows there's another side to it

495
00:32:00,879 --> 00:32:02,419
that there is somewhere to escape to,

496
00:32:02,519 --> 00:32:03,259
not just this.

497
00:32:05,899 --> 00:32:06,299
Yeah.

498
00:32:06,919 --> 00:32:08,719
And more and more Bitcoiners coming in.

499
00:32:08,719 --> 00:32:14,719
Actually, these two weeks, we are running a Bitcoin Games here, which is almost like Olympics, but everything on top of Bitcoin.

500
00:32:15,379 --> 00:32:19,579
So we had a Bitcoin poker tournament, purely denominated in sets.

501
00:32:19,779 --> 00:32:22,359
You were logging in through LNURL authentication.

502
00:32:23,639 --> 00:32:29,639
Today, the Bitcoin chess tournament started, which is the largest chess tournament in Latin America.

503
00:32:29,919 --> 00:32:32,139
The prize pool is two Bitcoins.

504
00:32:33,219 --> 00:32:36,099
There are like eight grandmasters that came here.

505
00:32:36,099 --> 00:32:42,899
So it's like the top 15 player in the world of chess today is here on the island playing the Bitcoin chess tournament.

506
00:32:43,519 --> 00:32:49,979
So there is one crazy part that there is a competition within the chess tournament called King of the Hill.

507
00:32:50,619 --> 00:32:59,439
So if you win a tournament, if you win a game, you're basically sitting on a throne and you're receiving 21 sets every second that you're sitting on a throne.

508
00:32:59,679 --> 00:33:01,499
And then somebody can challenge you.

509
00:33:01,539 --> 00:33:05,419
And if they win, they sit on the throne and they will be receiving 21 sets every second.

510
00:33:05,419 --> 00:33:11,539
so it's like so much crazy stuff happening here we did a block height run so we are running

511
00:33:11,539 --> 00:33:18,019
not kind of a distance or a time but we are running the the duration of three bitcoin blocks

512
00:33:18,019 --> 00:33:23,579
right we didn't know how long it's going to be how far we're going to run um so kind of these

513
00:33:23,579 --> 00:33:29,159
kind of fun things we are doing here we build a satoshi's grave which is underwater dive site

514
00:33:29,159 --> 00:33:33,479
where there is a bitcoin treasure chest with bunch of stuff that you can dive there a huge bitcoin

515
00:33:33,479 --> 00:33:40,499
logos so i mean having fun and building things like this is a place if you feel like that this

516
00:33:40,499 --> 00:33:48,699
can be a place for for you to come yeah definitely i mean nothing that sounds like paradise really

517
00:33:48,699 --> 00:33:51,099
that whole thing sounded like a pit yeah

518
00:33:51,099 --> 00:34:01,759
um just going well going back again what was it actually like when you like kind of uprooted your

519
00:34:01,759 --> 00:34:07,719
life and moved from Slovakia to a Caribbean island like were your family and friends supportive or

520
00:34:07,719 --> 00:34:15,599
were they thinking you've lost it yeah I mean since I have friends that I have they are very

521
00:34:15,599 --> 00:34:22,059
they're digital nomads so for them it's not something um very different and the whole

522
00:34:22,059 --> 00:34:27,299
Bitcoin community I have around me they totally get it right it's not like of course my parents

523
00:34:27,299 --> 00:34:28,819
were not super happy about it.

524
00:34:28,879 --> 00:34:30,619
They were like, oh, I want you to be, you know,

525
00:34:30,659 --> 00:34:32,119
more with us here.

526
00:34:32,339 --> 00:34:34,739
But my father, he came here multiple times,

527
00:34:35,319 --> 00:34:37,979
spent three months every year on the island with us,

528
00:34:38,419 --> 00:34:39,199
did some sailing.

529
00:34:39,299 --> 00:34:41,019
We have a little catamaran called Satoshi

530
00:34:41,019 --> 00:34:42,999
with a Bitcoin logo on top of the sail.

531
00:34:43,299 --> 00:34:44,899
So he was renting that for Bitcoin

532
00:34:44,899 --> 00:34:47,719
and earning some sets to his Phoenix wallet.

533
00:34:48,339 --> 00:34:50,779
So yeah, I mean, my mom was here to check.

534
00:34:50,879 --> 00:34:51,779
She loved it as well.

535
00:34:52,419 --> 00:34:56,299
So, I mean, we are traveling a lot around the world.

536
00:34:57,299 --> 00:35:00,559
And for them, it kind of became pretty natural.

537
00:35:01,559 --> 00:35:03,719
At the time already, I was a Paraguay resident.

538
00:35:03,719 --> 00:35:10,039
So I had my tax residency in Paraguay, which maybe I'll be switching because Paraguay just

539
00:35:10,039 --> 00:35:13,759
a few days ago came with this crazy dystopian crypto regulation.

540
00:35:14,379 --> 00:35:18,699
So I might be switching to Prospera and Honduras right now.

541
00:35:19,619 --> 00:35:22,099
But it was kind of natural for us.

542
00:35:22,099 --> 00:35:29,039
but we are planning a family with my girlfriend and we might get back to Slovakia for a little bit

543
00:35:29,039 --> 00:35:36,779
again and then we'll see you know where it's going to take us so we learn to live in between

544
00:35:36,779 --> 00:35:44,379
multiple places and the time will tell maybe I will need to have one really solid place where

545
00:35:44,379 --> 00:35:51,039
like that will be my you know my roots there currently at my mental stage right now I see

546
00:35:51,039 --> 00:35:54,019
like we will be going between maybe two, three,

547
00:35:54,259 --> 00:35:56,019
up to four places around the world

548
00:35:56,019 --> 00:35:57,179
where we're going to stay longer.

549
00:35:57,939 --> 00:36:02,859
Probably Slovakia, Roatan, Bali, and Switzerland.

550
00:36:03,479 --> 00:36:06,959
This kind of feels the most closest to us, what we like.

551
00:36:07,579 --> 00:36:08,879
And just be in between,

552
00:36:09,079 --> 00:36:10,499
then do some Bitcoin education around,

553
00:36:10,599 --> 00:36:12,879
but having like a more anchored space

554
00:36:12,879 --> 00:36:14,999
because moving in a close,

555
00:36:15,439 --> 00:36:19,879
like moving very frequently just for short trips

556
00:36:19,879 --> 00:36:21,379
is not something I like.

557
00:36:21,459 --> 00:36:22,839
I did it last year a lot,

558
00:36:23,339 --> 00:36:24,939
but I got really tired out of it.

559
00:36:25,059 --> 00:36:28,179
So the traveling in its essence

560
00:36:28,179 --> 00:36:30,839
is not something that I enjoy doing very frequently.

561
00:36:31,459 --> 00:36:33,639
But just coming here for four months and staying,

562
00:36:34,059 --> 00:36:35,979
that's something I feel like that's my thing.

563
00:36:38,139 --> 00:36:38,619
Yeah.

564
00:36:39,619 --> 00:36:42,779
Yeah, obviously the travel would take a toll on you,

565
00:36:42,859 --> 00:36:45,239
especially if it's kind of constant.

566
00:36:45,379 --> 00:36:46,679
And then staying there as well,

567
00:36:46,779 --> 00:36:49,499
it's not even just feeling like the holidays kind of just...

568
00:36:49,499 --> 00:36:53,519
I mean, the countries you said, the four countries,

569
00:36:53,639 --> 00:36:55,299
they all sound pretty good to be fair.

570
00:36:55,299 --> 00:36:56,999
I wouldn't mind living in any of them.

571
00:36:57,159 --> 00:36:57,639
Yeah.

572
00:37:00,579 --> 00:37:02,559
Yeah, all of them are something different, yeah.

573
00:37:03,419 --> 00:37:03,799
Yeah.

574
00:37:04,899 --> 00:37:07,539
I mean, moving to the educational side of things,

575
00:37:07,619 --> 00:37:10,099
I mean, this is kind of what we're interested in most

576
00:37:10,099 --> 00:37:11,939
because I feel like we share it likewise.

577
00:37:12,299 --> 00:37:14,519
I mean, you're literally going into schools

578
00:37:14,519 --> 00:37:16,859
and teaching children about Bitcoin and money.

579
00:37:17,259 --> 00:37:18,579
What does that actually look like?

580
00:37:18,579 --> 00:37:22,159
because how do you really teach a 10-year-old about Bitcoin?

581
00:37:24,319 --> 00:37:28,699
Yeah, so it really depends on what is the target group we have.

582
00:37:28,759 --> 00:37:33,699
And when it comes to kids, it's really basically the differentiating factor is the age.

583
00:37:34,299 --> 00:37:38,379
So we did, the smallest kids we were teaching were about seven, eight-year-olds.

584
00:37:38,739 --> 00:37:43,319
And for them, we were practically just reading through the Bitcoin money book.

585
00:37:43,319 --> 00:37:47,819
I don't know if you know it, by Michael Karras, super easy read, just 15 minutes.

586
00:37:48,579 --> 00:37:54,539
story of Bitville. And just going through it and asking questions, having this kind of discussion,

587
00:37:54,659 --> 00:37:59,959
the kids are super interested, they're raising hands. And I was blown away by how much they knew

588
00:37:59,959 --> 00:38:06,039
about what is inflation, how gold works, and like, all of these things. So that kind of really blew

589
00:38:06,039 --> 00:38:13,079
my mind. So for them, we do more of these kind of readings, talking about what is barter, how,

590
00:38:13,079 --> 00:38:20,699
people are trading things. A very, very basic layer of monetary education. And when it comes

591
00:38:20,699 --> 00:38:29,479
to Bitcoin, again, going on the surface, just showing them the experience, right? But for them,

592
00:38:30,019 --> 00:38:35,279
if somebody doesn't know how really the banking works and everything underneath, if you see a

593
00:38:35,279 --> 00:38:40,099
Lightning transaction, for you as a Bitcoin, you're like, oh, that's amazing. You know,

594
00:38:40,099 --> 00:38:42,379
it just clicked there in a decentralized manner.

595
00:38:42,839 --> 00:38:44,799
But for somebody who doesn't have this background,

596
00:38:44,899 --> 00:38:47,259
they're like, okay, there's this green button.

597
00:38:47,399 --> 00:38:48,419
Okay, that's how it should work.

598
00:38:48,499 --> 00:38:49,199
That's normal.

599
00:38:49,919 --> 00:38:51,399
But you cannot see the difference.

600
00:38:51,639 --> 00:38:54,619
And the UX doesn't change or is not that different

601
00:38:54,619 --> 00:38:57,559
to regular fiat legacy systems, right?

602
00:38:57,599 --> 00:38:58,999
We're also centralized platform.

603
00:38:59,459 --> 00:39:00,899
You know, it goes quickly in a way.

604
00:39:01,759 --> 00:39:03,699
So that's kind of for the smallest kids.

605
00:39:04,019 --> 00:39:08,659
For teenagers, let's say ranging between 13 to 17,

606
00:39:08,659 --> 00:39:11,419
we are mostly running Bitcoin diplomas

607
00:39:11,419 --> 00:39:13,159
which is a 10 week course

608
00:39:13,159 --> 00:39:15,479
developed by

609
00:39:15,479 --> 00:39:16,459
Mipremere Bitcoin

610
00:39:16,459 --> 00:39:18,919
and there we really go again

611
00:39:18,919 --> 00:39:21,499
from the history of money but we go deeper

612
00:39:21,499 --> 00:39:23,359
into what is fractional reserve banking

613
00:39:23,359 --> 00:39:25,539
really how the

614
00:39:25,539 --> 00:39:27,679
inflation is made up, we play a lot of games

615
00:39:27,679 --> 00:39:28,219
with them

616
00:39:28,219 --> 00:39:31,579
we developed some, some of them are

617
00:39:31,579 --> 00:39:33,299
from the Mipremere Bitcoin team

618
00:39:33,299 --> 00:39:35,459
and they really

619
00:39:35,459 --> 00:39:36,979
visualize the whole

620
00:39:36,979 --> 00:39:41,919
idea of what we want to teach there, right? The business in general problem,

621
00:39:42,619 --> 00:39:47,199
the inflation and all of it. All the way to Bitcoin and then, you know, setting up them

622
00:39:47,199 --> 00:39:52,579
with a wallet, giving them their first sets, doing some games of sending sets between themselves.

623
00:39:54,019 --> 00:40:01,259
So yeah. And then when we, you know, when I have more older kids, some of them are technically

624
00:40:01,259 --> 00:40:08,419
deeper so we go into more self-custody um explaining lightning in a deeper way channel

625
00:40:08,419 --> 00:40:15,199
channel liquidity um treasures like really like we can go very deep into into each and every one

626
00:40:15,199 --> 00:40:21,139
of these vectors of date coin it really depends on what we want to teach who's our target group

627
00:40:21,139 --> 00:40:29,559
um so yeah it's it's very individual yeah i love this because honestly most of us in school learned

628
00:40:29,559 --> 00:40:36,779
absolutely nothing about how money actually works yeah yeah no one taught us about inflation

629
00:40:36,779 --> 00:40:44,719
about how central banks work what gives money its value itself and the question is do you think that

630
00:40:44,719 --> 00:40:51,339
that is deliberate like is the system designed to keep people i don't know financially illiterate

631
00:40:51,339 --> 00:40:58,899
yeah i'm i'm i'm 100 sure about it uh because if the knowledge is out there then why are we

632
00:40:58,899 --> 00:41:04,899
not teaching it if it's if it's helping our life so much to learn that if you have a bucket that

633
00:41:04,899 --> 00:41:12,699
is leaking putting more water into it doesn't make any sense right if we don't first fix the leaks

634
00:41:12,699 --> 00:41:20,659
in the bucket why should we grind and hustle in two jobs and still keep filling the same bucket

635
00:41:20,659 --> 00:41:26,959
i mean that's that sounds so stupid to me and that's so basic like why are we not teaching this

636
00:41:26,959 --> 00:41:32,839
the kids. And as I said, you know, I was studying economics management. Nowhere was there any

637
00:41:32,839 --> 00:41:39,299
mention of Austrian economics. Why? I mean, at least like, hey, these guys are here as well.

638
00:41:39,699 --> 00:41:43,759
This is what they thought. This is how they looked at the world and this kind of the competition

639
00:41:43,759 --> 00:41:49,299
they had. Why it wasn't mentioned? Crazy, right? And if you think about it, I keep saying this,

640
00:41:49,299 --> 00:41:55,459
that we, when we grow older, already in the teenage years, but let's say after 20s,

641
00:41:55,459 --> 00:42:05,439
a lot a huge part of our lives resolves or basically is about money either how to make

642
00:42:05,439 --> 00:42:11,679
them and keep them or how to spend them right so we are creating value we are trading our time and

643
00:42:11,679 --> 00:42:16,839
energy for something then we are thinking how to best protect it then we're thinking how to best

644
00:42:16,839 --> 00:42:24,679
spend it what to buy when to buy i mean so money is such a intervening thing within our lives

645
00:42:24,679 --> 00:42:29,499
but if you look back at your education journey like how many hours you really spend to talk

646
00:42:29,499 --> 00:42:36,239
about money not like oh this is a paper bill this is the interest rates this is how you count no

647
00:42:36,239 --> 00:42:42,759
that like really what is money of this as the language of value like nothing maybe i had two

648
00:42:42,759 --> 00:42:49,299
one or two hours about it at like maximum that cannot be a coincidence after all those years

649
00:42:49,299 --> 00:42:50,799
and all those people saying,

650
00:42:51,339 --> 00:42:54,399
hey, you know, we should really do more financial literacy.

651
00:42:55,399 --> 00:42:58,719
So I'm convinced that it is deliberate

652
00:42:58,719 --> 00:43:01,699
and I'm convinced that the system,

653
00:43:02,519 --> 00:43:06,099
however it was designed or whoever influenced it,

654
00:43:06,579 --> 00:43:08,579
is done in such a way that people should know

655
00:43:08,579 --> 00:43:12,379
kind of enough about money to make it and pay taxes,

656
00:43:12,379 --> 00:43:16,079
but not more to basically guess

657
00:43:16,079 --> 00:43:19,359
or to basically point fingers into the central banking.

658
00:43:19,619 --> 00:43:22,159
And do we really need a 2% inflation?

659
00:43:22,279 --> 00:43:22,879
Why 2%?

660
00:43:23,059 --> 00:43:23,719
Why not zero?

661
00:43:24,199 --> 00:43:25,499
Why not minus 2%?

662
00:43:25,979 --> 00:43:26,959
You know, why 2%?

663
00:43:27,379 --> 00:43:31,879
And this whole deflation being this kind of destroyer of the world

664
00:43:31,879 --> 00:43:33,379
is also pretty huge.

665
00:43:34,459 --> 00:43:38,019
Nobody teaches us that there are two types of deflation, right?

666
00:43:38,119 --> 00:43:41,519
One driven by supply and innovation, the other by demand.

667
00:43:41,879 --> 00:43:44,939
Like nobody tells us, oh, there is a good deflation,

668
00:43:44,939 --> 00:43:45,699
there is a bad one.

669
00:43:45,699 --> 00:43:52,539
but let's talk about the good one how we can achieve that so yeah i'm i'm i'm 100 convinced

670
00:43:52,539 --> 00:44:00,599
that it is it is deliberate yeah i mean uh well as we said we do economics and it's just uh

671
00:44:00,599 --> 00:44:08,059
yeah it's it's kind of just always drilled into us that inflation has to be around so do you feel

672
00:44:08,059 --> 00:44:15,319
that kids get it faster than adults because i feel like our generation gen z we kind of

673
00:44:15,319 --> 00:44:23,499
intuitively understand digital money i mean we grew up with robux yeah and b bucks and in-game

674
00:44:23,499 --> 00:44:29,679
currencies as a whole and to be honest bitcoin isn't really that big of a leap for us at least

675
00:44:29,679 --> 00:44:36,759
yeah yeah definitely you're super right um one of the obstacles i'm i'm facing when explaining to

676
00:44:36,759 --> 00:44:42,699
adults is oh but it's too it's it's virtual i cannot touch it so with uh with gen z and with

677
00:44:42,699 --> 00:44:47,099
kids there's there's no argument like that oh i cannot touch it i mean almost any everything

678
00:44:47,099 --> 00:44:51,479
they're interacting with they cannot touch right we cannot touch spotify we cannot touch netflix

679
00:44:51,479 --> 00:44:56,899
cannot touch roblox or anything else so his argument is kind of off the table when it comes

680
00:44:56,899 --> 00:45:05,339
to kids and young generation um so they're much more ready for that and the other benefit is that

681
00:45:05,339 --> 00:45:10,479
they are practically like a new blank page

682
00:45:10,479 --> 00:45:15,899
without all this bunch of around money and economics

683
00:45:15,899 --> 00:45:19,659
that adults learn and need to unlearn first, right?

684
00:45:19,679 --> 00:45:21,539
If you want to write on a whiteboard,

685
00:45:21,599 --> 00:45:22,999
you need to wipe it off first

686
00:45:22,999 --> 00:45:24,659
and only then you can write again.

687
00:45:25,319 --> 00:45:26,499
So when it comes to adults,

688
00:45:26,539 --> 00:45:28,719
there is a lot of unlearning that has to happen

689
00:45:28,719 --> 00:45:32,099
since Bitcoin is not just soft skills or hard skills.

690
00:45:32,099 --> 00:45:36,159
It's practically a change of perception of how money should work.

691
00:45:36,319 --> 00:45:37,559
It's a mental shift.

692
00:45:37,819 --> 00:45:38,979
It's a big thing, right?

693
00:45:39,639 --> 00:45:45,999
And it's much easier to build it from scratch than to destroy the mental model you have,

694
00:45:46,139 --> 00:45:49,739
where brain doesn't like change, right?

695
00:45:49,819 --> 00:45:56,059
So our brains are designed by evolution in a way that whatever worked for 30, 40 years,

696
00:45:56,559 --> 00:45:59,639
our brain thinks, oh, this is kind of a good life strategy.

697
00:45:59,639 --> 00:46:04,599
gee, I shouldn't change it because 500 or half a million years ago,

698
00:46:04,719 --> 00:46:10,139
if you ate a plant that you didn't eat till that time and it killed you,

699
00:46:10,199 --> 00:46:11,819
then your genes were out of the picture.

700
00:46:11,959 --> 00:46:15,439
So we are basically descendants of people that were hesitant,

701
00:46:15,779 --> 00:46:21,019
skeptical, that didn't like change and the same biology we have today.

702
00:46:21,019 --> 00:46:27,479
So it's much easier to teach something new than to rebuild the mental models

703
00:46:27,479 --> 00:46:28,479
that we already have.

704
00:46:28,479 --> 00:46:31,719
So it's definitely much easier to work with kids.

705
00:46:32,619 --> 00:46:37,079
So many obstacles and objections are off the table for them

706
00:46:37,319 --> 00:46:40,839
because they work with technologies from when they were born practically.

707
00:46:42,219 --> 00:46:43,079
Yeah, definitely.

708
00:46:43,079 --> 00:46:55,177
I think it was well I found it fairly easy to understand the whole if it not physical thing and I think that the same with all of us really

709
00:46:55,577 --> 00:47:00,617
The fact that it is Bitcoin makes it easier for, well, me at least, to understand because it's so set.

710
00:47:00,977 --> 00:47:07,877
Obviously, with V-Bucks, it's sort of the same principle in terms of the bank, in the sense that they can just make more.

711
00:47:08,157 --> 00:47:09,457
There's infinite V-Bucks.

712
00:47:09,637 --> 00:47:10,457
Yeah, that's barely.

713
00:47:10,457 --> 00:47:12,218
But with Bitcoin, it's set.

714
00:47:12,617 --> 00:47:16,117
So it's quite easy for us to understand that differentiation.

715
00:47:16,778 --> 00:47:18,617
And I'm sure for a lot of Gen Z,

716
00:47:19,058 --> 00:47:21,317
and this is the message we're trying to spread,

717
00:47:21,477 --> 00:47:23,877
is that it's actually not that complicated.

718
00:47:24,918 --> 00:47:29,617
And of course, the benefits to making that switch are unbelievable.

719
00:47:30,177 --> 00:47:30,238
Yeah.

720
00:47:30,238 --> 00:47:32,857
I mean, my experience, and what you were saying,

721
00:47:33,058 --> 00:47:34,977
in the sense that older people are harder to educate.

722
00:47:35,117 --> 00:47:36,637
I mean, with my parents specifically,

723
00:47:37,238 --> 00:47:40,117
it's so hard to wipe what they've already learned,

724
00:47:40,117 --> 00:47:42,518
especially coming from a young person.

725
00:47:43,337 --> 00:47:44,498
Yeah, yeah.

726
00:47:44,617 --> 00:47:46,518
There's this whole trust issue and like,

727
00:47:46,577 --> 00:47:47,877
oh, who are you to tell me?

728
00:47:48,278 --> 00:47:49,877
You've been around just for a few years.

729
00:47:50,798 --> 00:47:52,778
I mean, on the other hand, on the flip side,

730
00:47:53,258 --> 00:47:58,278
I had a couple of clients that were kind of very old generation,

731
00:47:58,398 --> 00:47:59,738
let's say 70s.

732
00:48:00,038 --> 00:48:01,657
They're 70-year-olds.

733
00:48:01,957 --> 00:48:04,097
My oldest client is 83-year-olds.

734
00:48:04,857 --> 00:48:07,837
And they are getting it, they were getting it easily.

735
00:48:07,998 --> 00:48:08,218
Why?

736
00:48:08,218 --> 00:48:14,117
because they lived through kind of the golden standard as well right they they understand gold

737
00:48:14,117 --> 00:48:19,498
pretty well they understood like they went through you know second world war like really like

738
00:48:20,058 --> 00:48:26,718
uh maybe second world not anymore that much but uh kind of like the post-war especially in

739
00:48:26,718 --> 00:48:33,377
uh in europe in central europe these kind of invasion of russians um during like 68 like

740
00:48:33,377 --> 00:48:37,377
changes of regimes, and they understood how money can get messed up.

741
00:48:38,018 --> 00:48:39,837
And they also understood the value of gold.

742
00:48:39,977 --> 00:48:45,177
So when they get gold, it's a very fast and easy step towards Bitcoin.

743
00:48:45,778 --> 00:48:49,758
So many times the gold box can become very quickly Bitcoiners.

744
00:48:50,438 --> 00:48:57,337
But yeah, they need to understand and appreciate the physicality slash non-physicality of Bitcoin.

745
00:48:57,337 --> 00:49:04,177
right but um i i had some of these exceptions with uh older people that got it pretty fast

746
00:49:04,177 --> 00:49:11,438
yeah yeah that is that is very interesting it does make sense with the living through the

747
00:49:11,438 --> 00:49:19,177
gold standard issues it's sort of just another great shift yeah yeah it might be media exposure

748
00:49:19,177 --> 00:49:23,898
as well because obviously that older older generation isn't really that subject to social

749
00:49:23,898 --> 00:49:25,637
media and the negative propaganda

750
00:49:25,637 --> 00:49:27,798
surrounding Bitcoin that is being spread.

751
00:49:28,038 --> 00:49:30,117
And I might explain why the middle-aged generation

752
00:49:30,117 --> 00:49:32,097
is more susceptible to it, because

753
00:49:32,097 --> 00:49:34,038
they preach news daily

754
00:49:34,038 --> 00:49:35,457
and they see it on TV.

755
00:49:36,337 --> 00:49:37,337
So, it's interesting.

756
00:49:38,117 --> 00:49:38,477
Exactly.

757
00:49:39,337 --> 00:49:40,617
Very well said.

758
00:49:41,637 --> 00:49:42,798
Yeah, well,

759
00:49:43,617 --> 00:49:45,718
you've mentioned before

760
00:49:45,718 --> 00:49:47,998
that sometimes schools are nervous

761
00:49:47,998 --> 00:49:49,418
about having come in,

762
00:49:49,798 --> 00:49:51,357
and they worry it's going to be like,

763
00:49:51,597 --> 00:49:53,657
well, what the media say is Bitcoin

764
00:49:53,657 --> 00:49:59,998
propaganda so how do you view with that and how do you convince a head teacher to let you

765
00:49:59,998 --> 00:50:08,538
keep bitcoin to their students so it's again very individual um i want to understand i want to get

766
00:50:08,538 --> 00:50:14,218
in the shoes of a teacher that wants to protect the kids from some random narratives from outside

767
00:50:14,218 --> 00:50:22,018
so i always assume that the director or teacher wants to first like is very skeptical like what

768
00:50:22,018 --> 00:50:28,698
what isn't in like for me when i'm coming to teach bitcoin like where is the catch what i have from

769
00:50:28,698 --> 00:50:33,677
it if we do it free of charge which on rotan almost everything we do kind of free of charge

770
00:50:33,677 --> 00:50:38,438
in terms of education for kids they're like like why are you doing it guys and it's for

771
00:50:38,438 --> 00:50:42,718
it's kind of hard for them to understand like because i believe in the mission i believe in

772
00:50:42,718 --> 00:50:47,357
the thing right it's almost like sometimes i feel like a missionary you know spreading

773
00:50:47,357 --> 00:50:51,357
christianity you know why they were doing it because they really believe that this is the

774
00:50:51,357 --> 00:50:58,957
best thing to do with their lives. And it can be sometimes perceived as crazy. So there are a lot

775
00:50:58,957 --> 00:51:04,578
of resemblances between religion and Bitcoin. And I'm kind of joking about it. People are like,

776
00:51:04,637 --> 00:51:10,157
oh, you're almost like a cult. I'm like, well, some things kind of resemble a cult and I will

777
00:51:10,157 --> 00:51:17,278
not be arguing against it. So it's kind of making fun out of it a bit. So every time with these

778
00:51:17,278 --> 00:51:24,317
teachers, we give them an option. Like, look, we can do first education just for you as teachers

779
00:51:24,317 --> 00:51:30,018
and director and maybe parents as well. Call them in if you want. So at least you know what we want

780
00:51:30,018 --> 00:51:35,597
to teach to kids. So it's very fair for them to be afraid. And it would be very unwise for us to be

781
00:51:35,597 --> 00:51:41,698
like, you know, don't trust, basically don't verify trust. Like just trust me, bro. It will be fine.

782
00:51:42,258 --> 00:51:42,438
Right?

783
00:51:42,558 --> 00:51:45,198
So I like for them to verify what we are teaching.

784
00:51:45,977 --> 00:51:51,198
And we started with a few schools here as well in such a way that, look, we don't need to mention Bitcoin.

785
00:51:51,677 --> 00:51:59,097
If you're really afraid because there used to be quite a lot of scams here on the island, Ponzi schemes, crypto, you know, stuff.

786
00:51:59,518 --> 00:52:00,398
So people are afraid.

787
00:52:00,477 --> 00:52:01,137
I totally get it.

788
00:52:01,657 --> 00:52:04,877
And we tell them, hey, we don't even need to mention the word Bitcoin.

789
00:52:04,877 --> 00:52:11,078
For us, it would really even make sense to teach them basics of money, history, what is money and everything.

790
00:52:11,078 --> 00:52:12,377
we don't need to touch Bitcoin.

791
00:52:12,498 --> 00:52:13,218
So then they're like,

792
00:52:13,657 --> 00:52:14,857
that's weird.

793
00:52:14,977 --> 00:52:15,877
These Bitcoiners came in

794
00:52:15,877 --> 00:52:16,637
to teach about Bitcoin

795
00:52:16,637 --> 00:52:17,998
and now they are telling me

796
00:52:17,998 --> 00:52:19,498
they are okay to not even mention

797
00:52:19,498 --> 00:52:20,038
the word Bitcoin.

798
00:52:20,177 --> 00:52:21,538
Like, how come?

799
00:52:21,877 --> 00:52:22,058
Right?

800
00:52:22,357 --> 00:52:24,137
But this kind of throws

801
00:52:24,137 --> 00:52:24,957
the big domino,

802
00:52:25,097 --> 00:52:26,797
the big obstacle in their minds,

803
00:52:26,857 --> 00:52:27,538
the big objection

804
00:52:27,538 --> 00:52:29,337
that, okay, maybe we don't want

805
00:52:29,337 --> 00:52:30,097
to sell them anything.

806
00:52:30,377 --> 00:52:31,677
Maybe we really care about

807
00:52:31,677 --> 00:52:33,518
them understanding money, right?

808
00:52:33,977 --> 00:52:35,258
And of course, always I tell them,

809
00:52:35,337 --> 00:52:36,837
hey, you as a teacher,

810
00:52:36,938 --> 00:52:38,817
you always can be on the class.

811
00:52:38,877 --> 00:52:39,398
It's not like, hey,

812
00:52:39,398 --> 00:52:40,518
go out of the room

813
00:52:40,518 --> 00:52:43,018
and then trust me, bro.

814
00:52:43,637 --> 00:52:45,357
No, it's like they're always involved.

815
00:52:45,698 --> 00:52:46,558
They can ask questions.

816
00:52:46,698 --> 00:52:49,977
They can even, you know, object to what we say.

817
00:52:50,357 --> 00:52:51,337
So it's very open.

818
00:52:51,438 --> 00:52:52,778
It's like an open source education.

819
00:52:52,977 --> 00:52:53,898
Hey, here we go.

820
00:52:54,337 --> 00:52:56,718
Just bring parents, bring a director,

821
00:52:57,258 --> 00:52:57,957
you know, challenge us.

822
00:52:57,998 --> 00:52:59,278
If you don't like it, tell us.

823
00:52:59,278 --> 00:53:01,058
We either change it or we don't do it.

824
00:53:01,418 --> 00:53:02,758
But never happened to us so far.

825
00:53:03,278 --> 00:53:05,357
So when they realize how we teach

826
00:53:05,357 --> 00:53:06,357
and what we teach, they're like,

827
00:53:06,477 --> 00:53:08,377
guys, okay, let's pray to Crossby,

828
00:53:08,718 --> 00:53:10,058
the whole school and so on.

829
00:53:10,058 --> 00:53:15,738
So right now we are actually starting a new cohort with the biggest school on the island.

830
00:53:16,117 --> 00:53:17,758
And they actually want a director.

831
00:53:18,778 --> 00:53:20,518
We ordered him like three years ago.

832
00:53:20,518 --> 00:53:23,857
He owned a different school that we were teaching before.

833
00:53:24,438 --> 00:53:27,518
And now he said like, hey, guys, I want you to bring the huge Bitcoin flag.

834
00:53:27,898 --> 00:53:28,957
We're going to put it there.

835
00:53:29,357 --> 00:53:31,438
So I want this to be the Bitcoin school of Roatan.

836
00:53:32,357 --> 00:53:37,698
So he's like, he's kind of more excited than I would ever imagine.

837
00:53:37,698 --> 00:53:40,177
and he's kind of very, very pushy.

838
00:53:40,398 --> 00:53:42,018
Like, I mean, like, Delvin, slow down, okay?

839
00:53:42,078 --> 00:53:42,898
We're going to do it.

840
00:53:43,137 --> 00:53:44,698
But he's like, no, no, we're going to,

841
00:53:44,898 --> 00:53:45,677
there will be a flag here.

842
00:53:45,718 --> 00:53:46,817
We're going to do some paintings here.

843
00:53:46,877 --> 00:53:48,698
I'm like, okay, okay, step by step, step by step.

844
00:53:49,597 --> 00:53:51,438
So I don't want it to be too crazy

845
00:53:51,438 --> 00:53:53,058
because then even the parents and kids can be like,

846
00:53:53,297 --> 00:53:55,657
this is weird, why they're pushing it so much.

847
00:53:56,018 --> 00:53:57,837
So I want it to be more organic

848
00:53:57,837 --> 00:54:02,297
and not make it seem like,

849
00:54:02,498 --> 00:54:04,498
oh, it's just a PR stunt for something, you know?

850
00:54:05,058 --> 00:54:07,038
Yeah, that's actually pretty small

851
00:54:07,038 --> 00:54:08,977
and how you don't even mention Bitcoin

852
00:54:08,977 --> 00:54:12,117
due to its negative stigma in the media

853
00:54:12,117 --> 00:54:13,597
and things like that.

854
00:54:13,677 --> 00:54:16,558
So once you teach people the history of money and inflation,

855
00:54:16,918 --> 00:54:19,058
do they sort of arrive at Bitcoin themselves

856
00:54:19,058 --> 00:54:21,097
or does it take a bit more than that?

857
00:54:22,297 --> 00:54:23,857
Yeah, they kind of arrive there

858
00:54:23,857 --> 00:54:25,578
or even during the education,

859
00:54:25,738 --> 00:54:28,198
during those classes where we even don't mention Bitcoin,

860
00:54:28,317 --> 00:54:29,438
then they say, hey guys, okay,

861
00:54:30,058 --> 00:54:33,797
I know, like, you can totally teach the kids about Bitcoin.

862
00:54:33,797 --> 00:54:35,538
I understood that you're not a scammer

863
00:54:35,538 --> 00:54:36,677
trying to sell them something.

864
00:54:37,038 --> 00:54:39,898
We see that you care, so go on with the full thing.

865
00:54:39,898 --> 00:54:49,357
So we never had the problem of really in the end of the curriculum to be restricted to teach about Bitcoin, right?

866
00:54:49,377 --> 00:54:55,357
So we just started telling them like, hey, if you really don't want, we will not do it until you tell us you're good with it, right?

867
00:54:56,317 --> 00:55:03,177
So, but yeah, the more we go down into the problem area that, hey, we have a problem,

868
00:55:03,177 --> 00:55:07,477
the more they understand, okay, the fiat money is not the solution.

869
00:55:07,657 --> 00:55:09,398
So we have to have something different, right?

870
00:55:09,637 --> 00:55:11,637
And then, of course, a lot of kids are like,

871
00:55:11,758 --> 00:55:14,038
hey, let's trade it, let's get rich on this.

872
00:55:14,558 --> 00:55:19,677
So that's another thing we want to kind of keep them not too excited about

873
00:55:19,677 --> 00:55:23,418
or telling them there's no promises, no guarantees of gains,

874
00:55:23,578 --> 00:55:27,498
don't treat it as investment, look at it from the perspective of savings

875
00:55:27,498 --> 00:55:29,718
and insurance and all of that.

876
00:55:29,718 --> 00:55:36,518
So it's kind of the initial excitement that a lot of kids get, like, oh, let's make money fast, right?

877
00:55:36,518 --> 00:55:42,698
So after they open up to Bitcoin, this is kind of the immediate thing we need to suppress,

878
00:55:42,817 --> 00:55:48,898
this greed and this perspective of Bitcoin to be like this get-rich-quick-scheme thing, right?

879
00:55:49,297 --> 00:55:52,438
So it's kind of a juggling with multiple, like, it's a lot about psychology.

880
00:55:52,438 --> 00:56:05,918
It's a lot about how you position the thing, how you position Bitcoin in such a way they kind of protect themselves from day one against falling for some scams and so on.

881
00:56:07,558 --> 00:56:13,977
Yeah, I think there is a lot of young people that are just looking for that whole get rich quick.

882
00:56:14,418 --> 00:56:17,877
And they keep that mindset, which is obviously very fiat.

883
00:56:17,877 --> 00:56:22,038
And we obviously educate to not be in.

884
00:56:22,038 --> 00:56:32,677
I'm not surprised. I'm not surprised because as you guys were saying, you know, the prices of housing growing tremendously faster than increasing salaries.

885
00:56:33,677 --> 00:56:41,837
So the whole mindset about get rich quick is the outcome of the fiat structures, right?

886
00:56:42,377 --> 00:56:50,778
If we knew that our money are protecting value and the things are not skyrocketing like crazy, we wouldn't have such a need to get rich quick.

887
00:56:50,778 --> 00:56:58,038
but currently especially for the young generation you see the train is kind of getting faster and

888
00:56:58,038 --> 00:57:04,038
you're running behind it and you need two jobs you're you need to hustle so i'm not surprised

889
00:57:04,038 --> 00:57:08,258
that people want to get rich quick because once you earn money you immediately think oh i need to

890
00:57:08,258 --> 00:57:13,058
be investor i need to figure out where i'm going to put this money to really keep up with the tempo

891
00:57:13,058 --> 00:57:18,817
of prices and that's super sad because you should be focusing on how to create value maybe you want

892
00:57:18,817 --> 00:57:23,058
to be an artist or musician, but suddenly you cannot do music because you need to invest

893
00:57:23,058 --> 00:57:25,038
hours into becoming a trader.

894
00:57:25,518 --> 00:57:26,617
That's so messed up.

895
00:57:27,078 --> 00:57:32,377
So that's kind of all of these hidden costs of money as Seth Bunny written the book about

896
00:57:32,377 --> 00:57:32,597
it.

897
00:57:33,377 --> 00:57:39,657
We don't even realize how many problems around the world are connected to money without us

898
00:57:39,657 --> 00:57:41,617
seeing the direct connection immediately.

899
00:57:42,817 --> 00:57:48,117
Yeah, I think that's actually explored in that really good video.

900
00:57:48,117 --> 00:57:56,038
what's the problem yeah yeah it explores uh how just the currency kind of the currency being

901
00:57:56,038 --> 00:58:02,198
devalued it kind of just ruins everything and not just as you said not just financially but like

902
00:58:02,198 --> 00:58:11,058
emotionally and physically for the people yeah yeah agree it's insane how it's taught in a

903
00:58:11,058 --> 00:58:15,038
positive manner as well i mean you get taught the things like quantitative easing and inflation

904
00:58:15,038 --> 00:58:19,918
have to happen to keep an economy stable it's just the whole system is set up the wrong way

905
00:58:19,918 --> 00:58:29,957
yeah that's what we sort of set out to wipe in the sense that what we're being taught and

906
00:58:29,957 --> 00:58:35,857
the message that is being pushed through the media isn't the truth and isn't normal

907
00:58:35,857 --> 00:58:42,877
yeah so we just kind of want to get the truth out there and just help help people help the

908
00:58:42,877 --> 00:58:49,998
younger generations and anyone out there really to um find themselves and find a real currency

909
00:58:49,998 --> 00:59:00,877
yeah i mean yeah go on no you go on you go on no no just wanted to like pre-affirm that that uh

910
00:59:01,677 --> 00:59:08,398
like we can solve a lot of problems by fixing money right and this saying you know fix the

911
00:59:08,398 --> 00:59:14,297
money fix the world um we even we even kind of rebranded it a little bit our our banner said

912
00:59:14,297 --> 00:59:20,137
fix your money fix your world because kind of fix the money fix the world feels very heavy on some

913
00:59:20,137 --> 00:59:26,477
people like oh my god i have such responsibility now but we're teaching hey fix your own money and

914
00:59:26,477 --> 00:59:32,738
you can fix your own world and whatever you live in that suddenly feels more tangible more towards

915
00:59:32,738 --> 00:59:35,718
that individual and feels more, oh, I can do that.

916
00:59:35,957 --> 00:59:38,877
I can fix my own thing where I'm living in.

917
00:59:39,018 --> 00:59:44,038
So I kind of like that even better and it doesn't feel so heavy

918
00:59:44,038 --> 00:59:49,238
and so kind of huge to tackle, right?

919
00:59:49,637 --> 00:59:52,137
So definitely agree with that.

920
00:59:52,377 --> 00:59:55,558
And speaking the truth, we need to speak,

921
00:59:55,657 --> 00:59:57,597
this is kind of what we teach at Bitcoin Educators Academy,

922
00:59:57,597 --> 01:00:01,857
how to structure your pitch or your presentation

923
01:00:01,857 --> 01:00:05,938
or your teaching in such a way that

924
01:00:05,938 --> 01:00:09,218
people understand the why behind it.

925
01:00:09,418 --> 01:00:12,477
Because many times we are so excited about

926
01:00:12,477 --> 01:00:14,477
anything that we want to teach about

927
01:00:14,477 --> 01:00:15,238
or we're going to share

928
01:00:15,238 --> 01:00:17,877
that we just jump into the whole features of it.

929
01:00:17,957 --> 01:00:19,097
Like, oh, Bitcoin is decentralized,

930
01:00:19,357 --> 01:00:22,058
it's permissionless, it's global, it's digital.

931
01:00:23,238 --> 01:00:26,218
And people are like, okay, but I don't care.

932
01:00:26,218 --> 01:00:28,977
I don't have a problem that Bitcoin is solving, right?

933
01:00:29,558 --> 01:00:32,297
So we need to really show the problem

934
01:00:32,297 --> 01:00:35,657
and the consequences of staying where we are right now.

935
01:00:35,778 --> 01:00:37,558
Like what really can happen if we don't do anything

936
01:00:37,558 --> 01:00:39,117
and just be where we are right now

937
01:00:39,117 --> 01:00:41,837
and make it tangible for that person.

938
01:00:42,058 --> 01:00:42,938
Like really make it like,

939
01:00:43,558 --> 01:00:45,938
if we continue this space for you,

940
01:00:46,398 --> 01:00:47,938
this is how the life's going to be.

941
01:00:48,357 --> 01:00:49,918
You will need to find another job

942
01:00:49,918 --> 01:00:53,457
or you will spend hours just hustling

943
01:00:53,457 --> 01:00:56,758
and trying to figure out how to earn more,

944
01:00:56,837 --> 01:00:57,657
how to save less,

945
01:00:57,758 --> 01:01:00,457
like eating more crappier food

946
01:01:00,457 --> 01:01:02,438
because you need to keep some money

947
01:01:02,438 --> 01:01:04,038
for increasing rent and so on.

948
01:01:04,477 --> 01:01:06,078
And then to tell them about a vision,

949
01:01:06,238 --> 01:01:07,817
like imagine the world where

950
01:01:07,817 --> 01:01:10,657
you can really focus your energy

951
01:01:10,657 --> 01:01:12,018
on what you love the most.

952
01:01:12,157 --> 01:01:15,097
You can really spend time with your family

953
01:01:15,097 --> 01:01:17,998
and spend time with your hobbies

954
01:01:17,998 --> 01:01:20,597
and just every day you don't need

955
01:01:20,597 --> 01:01:23,018
to be grinding eight hours or 10 hours a day.

956
01:01:23,457 --> 01:01:32,117
So if you paint this picture properly of where we are, what are the consequences and where we can get, what are the benefits of getting there for the person that you're speaking to.

957
01:01:34,297 --> 01:01:37,698
Within this framework, you don't even need to mention Bitcoin at all.

958
01:01:37,698 --> 01:01:41,377
It's actually not advised to mention Bitcoin till that moment.

959
01:01:41,898 --> 01:01:50,957
And only if a person really wants to move from the current status to the vision, that's where you draw the ladder to get them from one pillar to another.

960
01:01:50,957 --> 01:01:54,137
and that the leather is practically Bitcoin

961
01:01:54,137 --> 01:01:55,797
or anything you want to talk about.

962
01:01:56,117 --> 01:01:59,998
And that's where you get into the features of the solution, right?

963
01:02:00,918 --> 01:02:03,058
Mainly we start when we are excited,

964
01:02:03,177 --> 01:02:06,477
we talk about solution without painting the problem

965
01:02:06,477 --> 01:02:07,938
and talking about the vision.

966
01:02:08,558 --> 01:02:11,117
So we should first do the problem or vision or vice versa.

967
01:02:11,278 --> 01:02:12,778
You can actually, you can flip them around.

968
01:02:13,018 --> 01:02:16,058
But the solution should be as the last thing.

969
01:02:16,058 --> 01:02:17,817
That's the last thing should bring Bitcoin.

970
01:02:17,938 --> 01:02:20,238
And then you tackle the obstacles and you say,

971
01:02:20,238 --> 01:02:22,457
oh, you might be thinking Bitcoin and another Ponzi scheme.

972
01:02:22,597 --> 01:02:24,877
Well, I thought the same thing a few years ago

973
01:02:24,877 --> 01:02:26,617
because it really resembles that

974
01:02:26,617 --> 01:02:29,218
there's some anonymous person created it.

975
01:02:29,297 --> 01:02:31,097
What if they show up like I was there?

976
01:02:31,477 --> 01:02:33,538
So you kind of go with the person

977
01:02:33,538 --> 01:02:36,018
over their mental objections

978
01:02:36,018 --> 01:02:38,078
and handle them preemptively

979
01:02:38,078 --> 01:02:39,837
before they even mention that.

980
01:02:40,538 --> 01:02:41,657
And you have the highest,

981
01:02:41,758 --> 01:02:42,998
or at least I find out

982
01:02:42,998 --> 01:02:44,677
that I have the highest success rate

983
01:02:44,677 --> 01:02:46,297
while doing it this way

984
01:02:46,297 --> 01:02:48,058
without jumping straight to Bitcoin.

985
01:02:48,058 --> 01:02:49,857
Like, oh, you will definitely get it.

986
01:02:50,238 --> 01:02:51,617
I'll just jump in.

987
01:02:53,117 --> 01:02:54,078
And people are like,

988
01:02:54,157 --> 01:02:55,797
eh, no, it's not for me right now.

989
01:02:55,918 --> 01:02:58,177
And you don't understand why you're doing such an effort

990
01:02:58,177 --> 01:03:00,198
and you're like, why are people not getting it?

991
01:03:00,617 --> 01:03:02,137
Well, the structure of your

992
01:03:02,137 --> 01:03:04,137
pitch is

993
01:03:04,137 --> 01:03:06,097
wrong. You have a good building blocks,

994
01:03:06,218 --> 01:03:08,157
but the Lego blocks are not in the right

995
01:03:08,157 --> 01:03:10,218
order. So that's

996
01:03:10,218 --> 01:03:12,218
something we are teaching to educators.

997
01:03:13,698 --> 01:03:14,398
Yeah, that's

998
01:03:14,398 --> 01:03:15,758
very important, actually.

999
01:03:15,758 --> 01:03:18,058
I mean, I've found myself

1000
01:03:18,058 --> 01:03:19,998
when I'm trying to teach my friends

1001
01:03:19,998 --> 01:03:26,698
or kind of educate somebody else that I do just go straight into oh bitcoin bitcoin it's really

1002
01:03:26,698 --> 01:03:32,538
good it saves everything but again I forget that they actually don't know the issue in the first

1003
01:03:32,538 --> 01:03:40,898
place exactly exactly I was doing it for multiple years so I feel you there yeah okay um let's get

1004
01:03:40,898 --> 01:03:47,797
on to the mining side of things so you're mining bitcoin in Paraguay using surplus hydroelectric

1005
01:03:47,797 --> 01:03:54,078
power. So for anyone who doesn't know, Paraguay generates 100% of its electricity from hydropower

1006
01:03:54,078 --> 01:04:00,457
and actually exports loads of it. And there's a huge amount that just goes unused. So how did you

1007
01:04:00,457 --> 01:04:08,058
figure out that you could use that waste of energy to mine Bitcoin? Well, there is a slight update to

1008
01:04:08,058 --> 01:04:15,337
that. We don't mine anymore in Paraguay. We moved all the machines out and we sold about 600 miners

1009
01:04:15,337 --> 01:04:23,598
there. So this was some time ago. But yeah, I mean, when we were going from Slovakia and Czech

1010
01:04:23,598 --> 01:04:29,238
Republic to Paraguay, I was already a Paraguay tax resident. So I has my residency there.

1011
01:04:29,977 --> 01:04:38,777
And it made total sense. You know, the price was cheap. The surplus or the supply was so much

1012
01:04:38,777 --> 01:04:42,637
bigger. You know, Paraguay is the largest electricity exporter in the world still about

1013
01:04:42,637 --> 01:04:45,598
It's more than 40% of what they produce, they export to Brazil.

1014
01:04:46,118 --> 01:04:49,398
So it makes total economic sense to do it in Paraguay.

1015
01:04:49,457 --> 01:04:50,977
And there were a lot of miners.

1016
01:04:51,558 --> 01:04:54,998
But then what happened over time is the government got greedy.

1017
01:04:55,418 --> 01:04:57,418
They increased the tariffs twice.

1018
01:04:58,058 --> 01:05:02,498
And with the increased difficulty levels, it suddenly became unprofitable.

1019
01:05:03,018 --> 01:05:04,637
Plus, they confiscated some miners.

1020
01:05:04,637 --> 01:05:08,637
They were really hunting down the illegal miners, which is fair.

1021
01:05:08,857 --> 01:05:12,257
I mean, if you're stealing electricity, that's kind of not a good thing to do.

1022
01:05:12,257 --> 01:05:14,337
So I'm okay with that.

1023
01:05:16,357 --> 01:05:29,618
But there seemed to be a playbook with Paraguay that was recently, just a week ago, announced that the Ande, which is the local power producing and distribution company, they want to mine on their own.

1024
01:05:29,817 --> 01:05:33,018
They somehow partnered up with some large mining company.

1025
01:05:33,218 --> 01:05:37,078
And so they want to be their own power producers and using Bitcoin.

1026
01:05:37,277 --> 01:05:39,317
And they were going to do it with confiscated miners.

1027
01:05:39,877 --> 01:05:40,558
So this is crazy.

1028
01:05:40,558 --> 01:05:43,438
Like they confiscated miners from other people.

1029
01:05:43,998 --> 01:05:48,238
Okay, well, they were mining, let's say, without paying.

1030
01:05:48,777 --> 01:05:51,418
And then now they're going to use the miners to mine Bitcoin for the country.

1031
01:05:52,297 --> 01:05:55,998
So, well, kind of a weird situation to be at.

1032
01:05:56,977 --> 01:06:01,137
So, yeah, I mean, the economy basically pushed us to sell the miners.

1033
01:06:02,118 --> 01:06:03,618
Our return was pretty good on them.

1034
01:06:03,698 --> 01:06:06,078
I mean, they paid back in less than a year.

1035
01:06:06,078 --> 01:06:09,797
so we get a very good buying price.

1036
01:06:10,938 --> 01:06:14,137
Our OPEX operation expenses were pretty low

1037
01:06:14,137 --> 01:06:18,377
so we were running three full containers of hydro there.

1038
01:06:18,477 --> 01:06:21,498
We were running a couple of maybe 400 or 500 air-cooled miners.

1039
01:06:22,377 --> 01:06:25,457
So it wasn't completely bad

1040
01:06:25,457 --> 01:06:26,998
but the whole logistics of moving

1041
01:06:26,998 --> 01:06:28,738
and especially also for some of our clients

1042
01:06:28,738 --> 01:06:30,218
that moved to Paraguay

1043
01:06:30,218 --> 01:06:32,898
and then basically in two years going out of it

1044
01:06:32,898 --> 01:06:36,038
it felt like we're moving again

1045
01:06:36,038 --> 01:06:38,677
but since we wanted to do the best for the clients

1046
01:06:38,677 --> 01:06:40,877
I'm not going to tell them like hey sorry guys

1047
01:06:40,877 --> 01:06:42,738
the mission Paraguay failed so

1048
01:06:42,738 --> 01:06:44,277
come and take your miners

1049
01:06:44,277 --> 01:06:46,837
and do whatever you want with them

1050
01:06:46,837 --> 01:06:48,797
so we were like figuring out for a couple

1051
01:06:48,797 --> 01:06:50,518
of months how to move them to Ethiopia

1052
01:06:50,518 --> 01:06:52,718
we sold few then we flipped them

1053
01:06:52,718 --> 01:06:54,877
with Ethiopian miners so the whole

1054
01:06:54,877 --> 01:06:56,518
logistics behind all the

1055
01:06:56,518 --> 01:06:58,277
operations are insane

1056
01:06:58,277 --> 01:07:00,257
and it costs you a lot of money

1057
01:07:00,257 --> 01:07:02,938
so yeah I mean Paraguay

1058
01:07:02,938 --> 01:07:04,817
was a harsh lesson it was the best choice

1059
01:07:04,817 --> 01:07:05,677
we had at the time.

1060
01:07:06,317 --> 01:07:07,777
But kind of this tells you

1061
01:07:07,777 --> 01:07:09,018
that anything changes

1062
01:07:09,018 --> 01:07:10,137
anywhere around the world.

1063
01:07:10,218 --> 01:07:11,038
The same for Ethiopia.

1064
01:07:11,877 --> 01:07:12,938
Right now it's harsher

1065
01:07:12,938 --> 01:07:13,718
than it's been

1066
01:07:13,718 --> 01:07:14,797
before we came there.

1067
01:07:15,657 --> 01:07:16,418
Let's see how long

1068
01:07:16,418 --> 01:07:17,297
that chapter will go.

1069
01:07:17,438 --> 01:07:19,157
I mean, I learned in Bitcoin

1070
01:07:19,157 --> 01:07:20,398
that there's no guarantees

1071
01:07:20,398 --> 01:07:22,238
and not even a price.

1072
01:07:22,357 --> 01:07:23,118
I mean, the only guarantee

1073
01:07:23,118 --> 01:07:24,438
is really like the rules.

1074
01:07:24,918 --> 01:07:26,038
21 million, I would say.

1075
01:07:26,498 --> 01:07:28,058
Even that can, you know,

1076
01:07:28,118 --> 01:07:29,058
socially change

1077
01:07:29,058 --> 01:07:30,118
if somebody decides to,

1078
01:07:30,578 --> 01:07:31,578
if people will have

1079
01:07:31,578 --> 01:07:32,518
different consensus,

1080
01:07:32,677 --> 01:07:33,677
which I don't think

1081
01:07:33,677 --> 01:07:34,558
is ever going to happen.

1082
01:07:34,817 --> 01:07:36,297
But when it comes to mining,

1083
01:07:37,078 --> 01:07:38,898
well, legislation changes,

1084
01:07:39,038 --> 01:07:40,137
governments get more greedy.

1085
01:07:41,218 --> 01:07:43,398
That's kind of the status that you need to work with.

1086
01:07:43,898 --> 01:07:45,058
So it's pretty harsh.

1087
01:07:46,198 --> 01:07:46,637
Yeah.

1088
01:07:47,498 --> 01:07:49,898
That is actually...

1089
01:07:49,898 --> 01:07:50,498
Insane.

1090
01:07:50,498 --> 01:07:50,837
Yeah.

1091
01:07:51,398 --> 01:07:54,498
I would not expect...

1092
01:07:54,498 --> 01:07:56,238
Just confiscating mining.

1093
01:07:56,998 --> 01:07:59,118
It's taken me a bit by surprise, to be honest.

1094
01:07:59,398 --> 01:08:01,257
And sending it to other countries as well.

1095
01:08:01,477 --> 01:08:02,198
That's crazy.

1096
01:08:02,198 --> 01:08:02,558
Yeah.

1097
01:08:03,578 --> 01:08:05,457
Oh, I could tell you stories.

1098
01:08:05,637 --> 01:08:08,598
I mean, it's much deeper than that, right?

1099
01:08:08,657 --> 01:08:10,257
So, for example, one of our partners,

1100
01:08:10,857 --> 01:08:13,477
DeAnde, confiscated his miners and transformers.

1101
01:08:14,297 --> 01:08:18,578
It was kind of an operation targeted against him illegally.

1102
01:08:19,337 --> 01:08:21,678
So then he was suing DeAnde,

1103
01:08:21,678 --> 01:08:24,678
which is the largest governmental energy organization.

1104
01:08:25,458 --> 01:08:28,157
He kind of won the lawsuit,

1105
01:08:28,757 --> 01:08:30,297
so they needed to pay damages to him.

1106
01:08:30,558 --> 01:08:32,018
So, crazy.

1107
01:08:32,197 --> 01:08:39,038
I mean, you still need to operate with the thing in mind that you are still in countries where they are highly corrupted.

1108
01:08:40,018 --> 01:08:42,438
You don't have control over things.

1109
01:08:42,718 --> 01:08:44,817
The rule of law is not that strong.

1110
01:08:45,357 --> 01:08:51,098
So you need to take all of this into account when deciding if you're going to set up your operation there or not.

1111
01:08:51,538 --> 01:08:53,477
So it's risky.

1112
01:08:53,638 --> 01:08:54,357
It's very risky.

1113
01:08:55,277 --> 01:08:58,998
You need to know people and you need to estimate the risk properly.

1114
01:08:58,998 --> 01:09:02,098
but even if you know people

1115
01:09:02,098 --> 01:09:02,998
then you can get screwed

1116
01:09:02,998 --> 01:09:04,938
so it's really

1117
01:09:04,938 --> 01:09:07,398
it's a huge volatility of

1118
01:09:07,398 --> 01:09:09,877
changes, of changing everything

1119
01:09:09,877 --> 01:09:11,398
so if you have

1120
01:09:11,398 --> 01:09:13,657
even one of our mining providers

1121
01:09:13,657 --> 01:09:15,657
they still owe us about $30,000

1122
01:09:15,657 --> 01:09:18,018
they just decided not to

1123
01:09:18,018 --> 01:09:20,098
pay us for deposits of electricity

1124
01:09:20,098 --> 01:09:22,078
so we are probably going

1125
01:09:22,078 --> 01:09:24,138
to a lawsuit with them as well

1126
01:09:24,138 --> 01:09:24,678
in Paraguay

1127
01:09:24,678 --> 01:09:26,898
they just stopped replying

1128
01:09:26,898 --> 01:09:33,377
he even said like our lawyer spoke with with their lawyer or with them they said yes we know

1129
01:09:33,377 --> 01:09:42,777
we should return it but whatever i mean so that's kind of part of the business sometimes and

1130
01:09:42,777 --> 01:09:51,038
um even with these lessons you should keep on going yeah always have to keep on going

1131
01:09:51,038 --> 01:09:55,618
but that is that is serious it kind of reminds me of trunch here as well i mean we had an episode

1132
01:09:55,618 --> 01:10:00,618
with him and he completely refuses to work with the big mining companies and the big energy companies.

1133
01:10:00,618 --> 01:10:07,618
Who was that? Tarantula. Oh Tarantula. Yeah, yeah.

1134
01:10:07,618 --> 01:10:21,776
Yeah Makes sense I mean yeah Well sticking with uh miners thing could you tell us about the miners for kids project because i saw it on your twitter and actually it blew my

1135
01:10:21,776 --> 01:10:29,377
mind i mean you've got whole like uh miners that mine bitcoin directly into the wallet of kids and

1136
01:10:29,377 --> 01:10:36,076
roatans yeah it was a very nice project we actually want to restart it soon so the whole

1137
01:10:36,076 --> 01:10:44,496
idea was that we wanted to connect our miners in Paraguay into community on Roatan in a very

1138
01:10:44,496 --> 01:10:50,296
direct way. So people would crowdfund the electricity. And if that month of electricity

1139
01:10:50,296 --> 01:10:56,216
is covered, whatever the miner mines in that month goes to the kids. So you can think about

1140
01:10:56,216 --> 01:11:04,216
it almost as donation. And for every dollar that people donated, roughly, it was about $1.6 that

1141
01:11:04,216 --> 01:11:09,316
the kids received, right? Because the energy went to the miner, the miner basically mined more than

1142
01:11:09,316 --> 01:11:15,116
the energy. So our donation was the machine instead of mining to us, it was mining to the

1143
01:11:15,116 --> 01:11:21,356
wallets of the kids. So this was kind of, you know, increasing the ratio of donation, right?

1144
01:11:21,656 --> 01:11:27,616
And then we just didn't airdrop it to the kids, there was this proof of learn involved in it,

1145
01:11:27,916 --> 01:11:32,036
which meant that they were using Wiser app, which is kind of Duolingo for Bitcoin.

1146
01:11:32,036 --> 01:11:37,056
and every month based on their results

1147
01:11:37,056 --> 01:11:40,336
and their experiences they get in the app,

1148
01:11:40,856 --> 01:11:41,936
the sets were distributed.

1149
01:11:42,456 --> 01:11:44,816
So the ones that were learning about Bitcoin the most

1150
01:11:44,816 --> 01:11:45,956
got the most sets.

1151
01:11:46,676 --> 01:11:50,176
And I think the girl that was really grinding it,

1152
01:11:50,216 --> 01:11:51,816
she was doing lessons like crazy.

1153
01:11:51,816 --> 01:11:54,856
I think she received in total,

1154
01:11:55,877 --> 01:11:57,396
if I'm not mistaken, over a couple of months,

1155
01:11:57,456 --> 01:11:58,136
about $1,000.

1156
01:11:59,576 --> 01:12:00,216
Crazy.

1157
01:12:01,196 --> 01:12:05,256
So for a kid, I don't know if she was like 14.

1158
01:12:06,576 --> 01:12:10,536
So she received like, I think it was close to $1,000 at the time in Bitcoin.

1159
01:12:11,556 --> 01:12:13,276
And we did it for a couple of months.

1160
01:12:13,956 --> 01:12:15,796
So then I put a pause on it.

1161
01:12:15,836 --> 01:12:21,296
I wanted to reevaluate the structure of payouts and stuff like that.

1162
01:12:21,336 --> 01:12:23,996
So we might restart it again with a different approach.

1163
01:12:24,696 --> 01:12:29,576
But yeah, I mean, it was nice because then really the kids were incentivized to learn

1164
01:12:29,576 --> 01:12:32,836
And maybe in the next phase, in like the 2.0,

1165
01:12:32,856 --> 01:12:35,916
we would like to connect it also with some community works

1166
01:12:35,916 --> 01:12:37,716
or something doing for the school.

1167
01:12:37,936 --> 01:12:41,596
So, I mean, we are thinking about how to structure the project.

1168
01:12:41,596 --> 01:12:44,416
But yeah, I mean, I really loved that.

1169
01:12:44,877 --> 01:12:48,436
And then with the top kids, there were dozens of kids in the program.

1170
01:12:48,676 --> 01:12:51,616
And with the top, I think, five or six, we met.

1171
01:12:51,756 --> 01:12:55,516
We kind of had a lunch together and they were like soaking on Bitcoin.

1172
01:12:55,916 --> 01:12:59,096
So we want to work with them, you know, more on the island.

1173
01:12:59,576 --> 01:13:05,216
yeah it's a great way to go about it i mean it's kind of reworking the traditional education system

1174
01:13:05,216 --> 01:13:08,776
in the sense you don't really get paid with a meaningless grade it's the most valuable currency

1175
01:13:08,776 --> 01:13:15,536
yeah i mean he's literally giving children in central america direct access to the hardest

1176
01:13:15,536 --> 01:13:21,916
money on earth as a reward for learning when when we were kids we got gold stars and stickers and

1177
01:13:21,916 --> 01:13:25,416
as you said that 14 year old literally got a thousand pounds yeah

1178
01:13:25,416 --> 01:13:29,356
Yeah, I mean, that's a good point.

1179
01:13:30,196 --> 01:13:33,336
So right now we are starting a different project as well.

1180
01:13:33,396 --> 01:13:36,916
This is kind of to increase the adoption on the island.

1181
01:13:37,056 --> 01:13:38,776
It's called the Bitcoin Reviews Raffle.

1182
01:13:39,136 --> 01:13:43,716
So people will be uploading reviews of places that accept Bitcoin

1183
01:13:43,716 --> 01:13:47,316
from Google reviews or from TripAdvisor.

1184
01:13:47,416 --> 01:13:51,156
So this kind of helps the businesses with their main business as well

1185
01:13:51,156 --> 01:13:52,196
if they get better reviews.

1186
01:13:53,116 --> 01:13:55,276
And then people upload it to a website.

1187
01:13:55,416 --> 01:13:58,596
then every two weeks, precisely every 2016 block,

1188
01:13:58,696 --> 01:14:02,556
so every block that there is a difficulty adjustment,

1189
01:14:02,916 --> 01:14:04,156
there is a raffle going on.

1190
01:14:04,856 --> 01:14:09,156
And we do it in a way that that block, specific block,

1191
01:14:09,256 --> 01:14:11,316
we take the hash of it, which you cannot predict,

1192
01:14:11,716 --> 01:14:13,296
we do a module of function on it,

1193
01:14:13,336 --> 01:14:16,016
so it's basically a random number generator.

1194
01:14:16,496 --> 01:14:20,456
And let's say if there were 20 reviews in that two-week raffle,

1195
01:14:20,616 --> 01:14:22,996
it just do a random number from 1 to 20,

1196
01:14:22,996 --> 01:14:30,796
picks a raffle and that person receives 50% of the whole pool of sets that were in the raffle.

1197
01:14:31,196 --> 01:14:34,396
And the next is for the next two weeks, right?

1198
01:14:34,396 --> 01:14:39,476
So this way we want to try to incentivize people to go, spend Bitcoin, take pictures,

1199
01:14:39,877 --> 01:14:42,336
put the reviews out so they can win some sets.

1200
01:14:42,956 --> 01:14:48,516
And merchants will be more incentivized to accept Bitcoin because they will receive these

1201
01:14:48,516 --> 01:14:51,056
people coming because they want to compete, right?

1202
01:14:51,056 --> 01:14:53,996
So it's an idea and hypothesis we have in mind.

1203
01:14:54,076 --> 01:14:54,896
We want to test it out.

1204
01:14:55,836 --> 01:14:59,136
We've I-coded the page, so it should go live next week.

1205
01:15:01,356 --> 01:15:02,316
That's really cool.

1206
01:15:02,496 --> 01:15:06,176
Yeah, well, we'll definitely try and use that as much as we can.

1207
01:15:06,256 --> 01:15:07,156
That sounds really cool.

1208
01:15:09,236 --> 01:15:12,377
Well, so you've also expanded mining into Ethiopia.

1209
01:15:12,556 --> 01:15:14,516
What is the situation there?

1210
01:15:14,576 --> 01:15:15,896
Is there like surplus energy?

1211
01:15:17,476 --> 01:15:17,996
Yeah, yeah.

1212
01:15:17,996 --> 01:15:22,877
Ethiopia as well, they have a huge amount of energy as well, hydro.

1213
01:15:23,096 --> 01:15:28,516
So they finished the largest power plant in Africa called the Renaissance Dam.

1214
01:15:29,316 --> 01:15:34,056
And this adds about six gigawatts of power to the grid.

1215
01:15:34,656 --> 01:15:37,156
But their transmission lines are not the best.

1216
01:15:38,196 --> 01:15:43,377
And the energy is kind of allocated very close to the substations.

1217
01:15:43,936 --> 01:15:46,276
And nobody is using it that much.

1218
01:15:46,276 --> 01:15:53,896
So there's a huge surplus, low demand, and basically with the same structure as we did in Paraguay, we set up our facilities.

1219
01:15:54,056 --> 01:15:54,756
So we have two.

1220
01:15:55,316 --> 01:15:56,736
One is in the south of Ethiopia.

1221
01:15:56,936 --> 01:15:59,896
The other is about 10 minutes from Capital City.

1222
01:16:00,936 --> 01:16:05,377
And again, we have a couple of thousands of miners there operating.

1223
01:16:06,196 --> 01:16:11,996
But right now there are issues to get machines into the country, our problems with pre-import licenses.

1224
01:16:11,996 --> 01:16:21,196
So again, you can go through, you can have every clearance, every document you need, and you still somehow are stuck in the customs.

1225
01:16:21,696 --> 01:16:24,136
So some of our miners are stuck there since September.

1226
01:16:24,976 --> 01:16:26,636
So imagine, today is March.

1227
01:16:27,536 --> 01:16:30,496
Some of our miners didn't get through the customs in September.

1228
01:16:30,976 --> 01:16:31,456
Crazy.

1229
01:16:32,576 --> 01:16:41,256
So, but yeah, I mean, this is the whole thing that with these countries, you know, some things you really cannot predict.

1230
01:16:41,996 --> 01:16:48,456
Even if you follow everything, there's still some missing piece that they don't tell you.

1231
01:16:49,336 --> 01:16:50,856
That's part of the thing, right?

1232
01:16:51,196 --> 01:16:55,816
So we are right now building sites in Norway, two sites there.

1233
01:16:56,136 --> 01:16:59,356
So hopefully that should give us more legal stability.

1234
01:17:00,356 --> 01:17:02,436
And the price is pretty cheap too as well.

1235
01:17:02,656 --> 01:17:09,556
Plus we have a cooperation in Zambia with the university and doing some mining there.

1236
01:17:09,556 --> 01:17:12,156
we have about 150 miners

1237
01:17:12,156 --> 01:17:13,816
running there right now

1238
01:17:13,816 --> 01:17:14,996
and hopefully be scaling

1239
01:17:14,996 --> 01:17:17,416
so yeah, I mean you still need to be

1240
01:17:17,416 --> 01:17:20,276
on the tiptoes, you know, searching for new options

1241
01:17:20,276 --> 01:17:21,996
exploring, going to risk

1242
01:17:21,996 --> 01:17:23,836
enjoying the ride

1243
01:17:23,836 --> 01:17:24,936
loving to suffer

1244
01:17:24,936 --> 01:17:28,276
so that's part of the thing

1245
01:17:28,276 --> 01:17:30,416
Wow, you've really expanded

1246
01:17:30,416 --> 01:17:31,596
worldwide, I mean

1247
01:17:31,596 --> 01:17:33,236
commenting on, well

1248
01:17:33,236 --> 01:17:36,556
leading on to your wider world view

1249
01:17:36,556 --> 01:17:38,476
you touched on earlier

1250
01:17:38,476 --> 01:17:40,116
that if governments cannot print money,

1251
01:17:40,196 --> 01:17:42,636
they can't finance stupid wars and conflicts.

1252
01:17:42,636 --> 01:17:45,036
As part of the Gen Z generation,

1253
01:17:45,416 --> 01:17:46,596
all we've been brought up with

1254
01:17:46,596 --> 01:17:48,716
is watching conflict after conflict.

1255
01:17:49,356 --> 01:17:51,596
And we're telling there's no money for schools or healthcare.

1256
01:17:52,196 --> 01:17:53,736
There's always money for war.

1257
01:17:53,877 --> 01:17:55,036
I mean, what are your thoughts on that?

1258
01:17:57,236 --> 01:17:59,916
Yeah, I mean, it's messed up, as you're saying.

1259
01:18:02,036 --> 01:18:04,076
The root cause is broken money.

1260
01:18:04,976 --> 01:18:06,756
And the outcome we see,

1261
01:18:06,756 --> 01:18:09,456
the symptoms are precisely that.

1262
01:18:10,096 --> 01:18:11,136
I mean, if you think about it,

1263
01:18:11,156 --> 01:18:13,136
or if you look at the history,

1264
01:18:13,416 --> 01:18:14,596
let's say to Roman times,

1265
01:18:15,336 --> 01:18:17,956
when they didn't have a paper money,

1266
01:18:18,036 --> 01:18:20,136
they had silver coins.

1267
01:18:20,736 --> 01:18:22,496
What they were doing to increase

1268
01:18:22,496 --> 01:18:24,996
the money supply was coin clipping.

1269
01:18:24,996 --> 01:18:28,636
So basically shaving the coins

1270
01:18:28,636 --> 01:18:30,756
and with the shavings,

1271
01:18:31,116 --> 01:18:32,456
reminting new coins.

1272
01:18:33,396 --> 01:18:34,856
Or of course what they did,

1273
01:18:34,856 --> 01:18:46,856
They decreased the level of silver while, you know, melting the coins again, adding tin, nickel, other metals, and remitting them again with a lower silver value.

1274
01:18:47,276 --> 01:18:52,416
Because people didn't want to pay more taxes to go and expand and go to the wars.

1275
01:18:52,416 --> 01:18:57,576
So the emperors decided, oh, I mean, we can print more money ourselves, right?

1276
01:18:58,056 --> 01:19:01,776
The secondary thing was that the money was, you know, less valuable.

1277
01:19:02,176 --> 01:19:04,476
But this was going on for centuries, right?

1278
01:19:04,476 --> 01:19:16,296
And until we really take the power from the hands of the government and until we really stop respecting their currency, we will be having this over and over again.

1279
01:19:16,456 --> 01:19:18,836
Governments will not give up that power on their own.

1280
01:19:19,116 --> 01:19:20,396
That's no go.

1281
01:19:21,136 --> 01:19:25,376
There is no single government that will really do it.

1282
01:19:26,856 --> 01:19:32,576
Populists will get elected for promises of having free education, free health care.

1283
01:19:33,096 --> 01:19:34,356
There is no free lunch.

1284
01:19:34,476 --> 01:19:37,276
as Milton Friedman was saying, so somebody will pay for it.

1285
01:19:37,736 --> 01:19:40,876
And it's either be directly with taxes or indirectly with inflation.

1286
01:19:41,336 --> 01:19:42,336
There's no other way around.

1287
01:19:42,936 --> 01:19:44,776
So we need to realize that.

1288
01:19:44,776 --> 01:19:50,956
And the only way how we can do it is really take government over time

1289
01:19:50,956 --> 01:19:56,176
as this kind of a puppet theater that it is and just don't respect them.

1290
01:19:56,716 --> 01:19:58,356
I don't watch news anymore.

1291
01:19:58,636 --> 01:20:02,416
I'm very disconnected from the politics of Slovakia.

1292
01:20:02,416 --> 01:20:08,696
so whenever I hear some oh they stole again I'm like I feel it's like a theater I feel really like

1293
01:20:08,696 --> 01:20:13,896
going with this popcorn like this meme with Michael Jackson eating this popcorn in the cinema

1294
01:20:13,896 --> 01:20:21,176
I feel like that you know and suddenly I feel this this this distance between what what they are doing

1295
01:20:21,176 --> 01:20:25,276
and I'm doing my best to make sure it has the least amount of impact on me personally

1296
01:20:25,276 --> 01:20:31,376
and one of my defense mechanism is definitely having Bitcoin as my primary money uh being

1297
01:20:31,376 --> 01:20:37,016
flexible in when I live, where I live, being healthy, not being dependent on the healthcare

1298
01:20:37,016 --> 01:20:44,236
system, decentralizing my residency, my accounts, having multiple residencies.

1299
01:20:44,236 --> 01:20:48,456
So basically working on multiple fronts to give me optionality.

1300
01:20:49,336 --> 01:20:54,936
And this over time will give you more confidence on that you don't need to rely on government

1301
01:20:54,936 --> 01:20:58,716
and you suddenly start to treat them as this unnecessary force.

1302
01:20:58,716 --> 01:21:00,476
and the more of us will do that,

1303
01:21:00,916 --> 01:21:04,276
the less important the governments will be.

1304
01:21:04,436 --> 01:21:05,496
So they'll just pretend that,

1305
01:21:05,656 --> 01:21:06,576
oh, you need to respect me.

1306
01:21:06,596 --> 01:21:07,836
And people will be like, no, I don't.

1307
01:21:07,916 --> 01:21:09,436
I live on my own somewhere else

1308
01:21:09,436 --> 01:21:10,556
in the virtual world anyway.

1309
01:21:11,196 --> 01:21:12,756
So I think it's the only way.

1310
01:21:12,836 --> 01:21:15,676
We need to really move to Bitcoin

1311
01:21:15,676 --> 01:21:16,516
as much as possible

1312
01:21:16,516 --> 01:21:19,416
and defund them in this way, right?

1313
01:21:19,416 --> 01:21:23,356
If they cannot take our money from us

1314
01:21:23,356 --> 01:21:26,476
and forcefully, coercively tax us,

1315
01:21:26,476 --> 01:21:33,936
that's that is i think the only way how we can really starve the beast it sounds harsh uh we

1316
01:21:33,936 --> 01:21:38,176
could have this conversation yeah what about the elderly what about that i mean that's different

1317
01:21:38,176 --> 01:21:44,976
conversations to have but i think if we don't do it um this endless money printing and spending on

1318
01:21:44,976 --> 01:21:51,036
wars will not stop that said but i think that's that's how i see the world yeah that's definitely

1319
01:21:51,036 --> 01:22:02,236
I think we just need to kind of cut our losses as it is and just kind of move forward and think more about the future rather than the present.

1320
01:22:03,296 --> 01:22:14,736
I mean, what would you say to a 16 year old right now who's heard about Bitcoin, but thinks it's too complicated, too risky or that they've missed the boat?

1321
01:22:14,736 --> 01:22:24,936
well uh people in 2012 thought they missed the boat already i thought in 2017 i missed the boat

1322
01:22:24,936 --> 01:22:31,916
already so this will keep on going for for centuries probably um yeah i mean the best

1323
01:22:31,916 --> 01:22:37,576
thing is to learn about it just really have an experience just use five dollars ten dollars of

1324
01:22:37,576 --> 01:22:45,056
your worth just to explore that experience it get the wallet um and spend i say everybody spend like

1325
01:22:45,056 --> 01:22:50,676
two three hours to learn about it like listen to a podcast get like watch watch the video what's the

1326
01:22:50,676 --> 01:22:57,476
problem it's a great start it really explains we have a problem um and just be open you know i was

1327
01:22:57,476 --> 01:23:03,516
very skeptical because initially bitcoin was presented to me by a guy who was kind of a shady

1328
01:23:03,516 --> 01:23:08,156
guy a little bit. He was doing these various multi-level marketing things. So I was like,

1329
01:23:08,176 --> 01:23:14,496
oh my God, again. So if it was presented to me in 2015 by somebody else, maybe I would go for it.

1330
01:23:15,056 --> 01:23:21,796
But in the end, I needed to do my own research. So just don't trust, verify, do your own research,

1331
01:23:22,316 --> 01:23:28,556
watch, let's say, what's the problem video, and then decide on your own. If you spend three hours,

1332
01:23:29,296 --> 01:23:32,976
you should get a rough idea if that's something for you or not. And don't feel pressure,

1333
01:23:32,976 --> 01:23:36,356
because sometimes it might not be at the right context

1334
01:23:36,356 --> 01:23:38,336
where you are, where you live right now, the right moment.

1335
01:23:38,796 --> 01:23:41,796
I'm not saying Bitcoin is for everybody wherever they are.

1336
01:23:41,896 --> 01:23:45,396
Maybe they need to fix first their health, their mental issues,

1337
01:23:45,796 --> 01:23:47,096
maybe with their family thing.

1338
01:23:47,096 --> 01:23:50,976
So it might not be the biggest priority wherever you are

1339
01:23:50,976 --> 01:23:52,536
at whatever stage of your life.

1340
01:23:53,456 --> 01:23:55,116
But just have it in the drawer

1341
01:23:55,116 --> 01:23:58,376
because I think it's more important than you realize

1342
01:23:58,376 --> 01:24:00,816
and just pull it out whenever you feel like

1343
01:24:00,816 --> 01:24:09,976
there is a time to really look deeper into money so just don't give up on on that and uh keep on

1344
01:24:09,976 --> 01:24:16,596
studying yeah i mean that's key for us we say it week in week out don't take what we're saying for

1345
01:24:16,596 --> 01:24:21,436
granted just have that proof of work concept you do your own research and the answers will reveal

1346
01:24:21,436 --> 01:24:29,016
themselves yeah don't trust verify don't trust verify actually yeah very true yeah so um one last

1347
01:24:29,016 --> 01:24:36,436
thing on the bigger picture so you tweeted about a honduran presidential candidate wearing an amity

1348
01:24:36,436 --> 01:24:42,756
age bitcoin cap is there a chance that honduras could follow el salvador's lead with bitcoin

1349
01:24:42,756 --> 01:24:49,736
adoption in the whole country and so what's the political situation there so that candidate

1350
01:24:49,736 --> 01:24:56,176
was second in the presidential election that happened in november it was very close they were

1351
01:24:56,176 --> 01:24:58,556
like 0.5% difference.

1352
01:24:58,696 --> 01:25:00,936
Like if you check the Honduran election,

1353
01:25:01,056 --> 01:25:02,536
it actually took them two weeks

1354
01:25:02,536 --> 01:25:04,336
to determine the final results

1355
01:25:04,336 --> 01:25:05,676
because they were so close

1356
01:25:05,676 --> 01:25:06,776
that every recount,

1357
01:25:07,276 --> 01:25:07,936
these first and second

1358
01:25:07,936 --> 01:25:09,036
were changing positions.

1359
01:25:09,596 --> 01:25:11,216
But even the current president

1360
01:25:11,216 --> 01:25:14,376
is very much in favor of Bitcoin.

1361
01:25:15,536 --> 01:25:16,236
He's actually,

1362
01:25:16,896 --> 01:25:18,136
I should meet him honestly,

1363
01:25:18,616 --> 01:25:22,616
thanks to the director

1364
01:25:22,616 --> 01:25:23,876
of the school on Roatan.

1365
01:25:24,576 --> 01:25:25,416
They are friends.

1366
01:25:25,416 --> 01:25:29,156
So if he's going to be on Roatan, then he told me, hey, let's do a little meeting.

1367
01:25:29,976 --> 01:25:31,536
They are interested to learn about Bitcoin.

1368
01:25:31,956 --> 01:25:42,396
They want to get back the support to prosper as well, which the previous socialist government was very against it because, you know, socialists don't like capitalists.

1369
01:25:42,396 --> 01:25:49,436
so yeah i think this period when when we look into politics which i'm not a huge fan of or

1370
01:25:49,436 --> 01:25:56,876
i'm totally not a fan of politics uh might be very positive for um for bitcoin but i don't want

1371
01:25:56,876 --> 01:26:00,956
to depend on it even in salvador bitcoin is not a legal tender anymore

1372
01:26:00,956 --> 01:26:08,156
they withdraw from it so a lot of people might not know that but yeah um i mean a bunch of

1373
01:26:08,156 --> 01:26:09,996
Bitcoiners left Salvador because of it.

1374
01:26:10,556 --> 01:26:12,636
We were there the morning when they announced

1375
01:26:12,636 --> 01:26:15,736
that legal tensor is basically killed.

1376
01:26:16,776 --> 01:26:19,636
And because of the IMF deal, they canceled it.

1377
01:26:20,156 --> 01:26:23,556
Right. So Salvador is still going well,

1378
01:26:23,556 --> 01:26:25,236
but not that well as people expected.

1379
01:26:27,096 --> 01:26:29,116
I'm not a huge fan of top-down approach.

1380
01:26:29,436 --> 01:26:31,936
I would love to do the education bottom-up

1381
01:26:31,936 --> 01:26:33,936
and make sure that people really get it.

1382
01:26:34,116 --> 01:26:36,936
And not because, oh, the president told me to accept it,

1383
01:26:36,936 --> 01:26:39,516
Well, because I see the benefits of accepting Bitcoin.

1384
01:26:41,796 --> 01:26:43,176
Yeah, I agree.

1385
01:26:43,296 --> 01:26:47,876
I mean, that is a shame what happened in Salvador.

1386
01:26:48,136 --> 01:26:49,516
It's a beautiful country.

1387
01:26:51,936 --> 01:26:55,476
Guys, I already should be one minute on the meeting.

1388
01:26:55,976 --> 01:26:57,576
We are running like two hours already.

1389
01:26:58,216 --> 01:26:59,916
So the guys are waiting for me.

1390
01:27:00,056 --> 01:27:02,696
I would need to either like last five minutes.

1391
01:27:02,696 --> 01:27:05,676
I need to tell them, but we should really cut it short.

1392
01:27:05,676 --> 01:27:18,196
we'll uh cut to the uh yeah right so just um so we asked all of our guests on the orange

1393
01:27:18,196 --> 01:27:22,276
portal to this question and the audience love it because we always get incredible answers

1394
01:27:22,276 --> 01:27:27,896
dushan can you share something with our audience that is either little known or completely unknown

1395
01:27:27,896 --> 01:27:32,076
it can be about your work about life anything something that would surprise the people something

1396
01:27:32,076 --> 01:27:33,256
that most people just don't know?

1397
01:27:37,156 --> 01:27:38,356
Okay, so there are two things.

1398
01:27:38,496 --> 01:27:40,056
I will take one from Bitcoin world

1399
01:27:40,056 --> 01:27:42,176
and one from random outside.

1400
01:27:42,816 --> 01:27:43,976
So from the Bitcoin world,

1401
01:27:44,276 --> 01:27:45,316
a lot of people don't know,

1402
01:27:45,576 --> 01:27:47,336
maybe you guys know, maybe not,

1403
01:27:47,456 --> 01:27:49,656
that Bitcoin will have to have a hard fork.

1404
01:27:50,276 --> 01:27:52,216
There's no way around for us to,

1405
01:27:53,156 --> 01:27:55,136
for Bitcoin to survive without the hard fork.

1406
01:27:55,136 --> 01:28:00,476
And its latest need to be by 21.06.

1407
01:28:00,476 --> 01:28:05,216
it's because of like an integer overflow bug

1408
01:28:05,216 --> 01:28:08,676
and if we don't do the hard fork by the time

1409
01:28:08,676 --> 01:28:11,416
and change just a code a little bit

1410
01:28:11,416 --> 01:28:13,396
how the Bitcoin calculates time

1411
01:28:13,396 --> 01:28:14,996
it will just kind of fall apart

1412
01:28:14,996 --> 01:28:18,036
so nothing to do with nodes or core

1413
01:28:18,036 --> 01:28:20,116
it's a very easy fix

1414
01:28:20,116 --> 01:28:23,296
but it has to do with the Unix time counting

1415
01:28:23,296 --> 01:28:27,056
and 32 bits integer length

1416
01:28:27,056 --> 01:28:29,696
so very crazy thing

1417
01:28:29,696 --> 01:28:31,496
that people normally don't know.

1418
01:28:31,836 --> 01:28:35,336
So check out the 2106 hard fork pack.

1419
01:28:36,156 --> 01:28:37,156
You can learn about that.

1420
01:28:38,316 --> 01:28:40,156
And did you know it or not?

1421
01:28:41,576 --> 01:28:42,816
I actually didn't.

1422
01:28:43,116 --> 01:28:43,736
No, I did not.

1423
01:28:45,076 --> 01:28:45,596
Okay.

1424
01:28:46,096 --> 01:28:48,156
And the second one is kind of funny.

1425
01:28:49,556 --> 01:28:54,796
I plan to write an article that donkey is the new honey badger,

1426
01:28:55,336 --> 01:28:56,436
which is crazy.

1427
01:28:57,436 --> 01:29:01,896
So me and my girlfriend Diana, we kind of fall in love with donkeys as animals.

1428
01:29:02,756 --> 01:29:06,016
And people perceive them as very stupid animals.

1429
01:29:06,156 --> 01:29:08,436
But if you go down the rabbit hole of donkeys,

1430
01:29:09,196 --> 01:29:12,316
then you realize they're one of the most,

1431
01:29:12,816 --> 01:29:19,916
one of the animals with the most self-preserving awareness of the environment.

1432
01:29:19,916 --> 01:29:22,416
So if they decide not to do something,

1433
01:29:22,616 --> 01:29:25,636
it's because they analyze a lot of things around us and they realize,

1434
01:29:25,636 --> 01:29:28,296
oh, it's not worth for me to risk it.

1435
01:29:28,956 --> 01:29:30,336
Another thing is that donkeys,

1436
01:29:31,536 --> 01:29:35,236
when there are people who cut the trees down

1437
01:29:35,236 --> 01:29:36,616
with horses in the woods,

1438
01:29:37,016 --> 01:29:38,136
they take donkeys with them

1439
01:29:38,136 --> 01:29:40,256
because donkeys are calming down the horses.

1440
01:29:40,376 --> 01:29:41,216
The horses go crazy.

1441
01:29:41,396 --> 01:29:42,956
When trees are falling down,

1442
01:29:43,016 --> 01:29:44,896
the donkeys are there as a psychologist

1443
01:29:44,896 --> 01:29:48,036
to keep calm the horses.

1444
01:29:48,876 --> 01:29:50,996
The other thing is donkeys have amazing memory.

1445
01:29:51,256 --> 01:29:53,136
You go with the donkey up the hills

1446
01:29:53,136 --> 01:29:54,136
and then you give them like,

1447
01:29:54,136 --> 01:29:59,596
here's the bag and you go back when we return and the donkey goes on their own and they just

1448
01:29:59,596 --> 01:30:05,036
know exactly the road. So they have amazing memory. They protect the sheeps better than

1449
01:30:05,036 --> 01:30:13,276
dogs many times because they can sense with their ears the bears and the threats.

1450
01:30:14,196 --> 01:30:21,796
So the donkeys are like super crazy in this sense. The most expensive cheese in the world

1451
01:30:21,796 --> 01:30:23,576
is made out of donkey milk.

1452
01:30:24,096 --> 01:30:28,656
And the donkey milk is the closest to human milk

1453
01:30:28,656 --> 01:30:31,316
out of any milks, out of any animals.

1454
01:30:32,056 --> 01:30:36,476
So if kids has an allergy to a mother's milk,

1455
01:30:36,676 --> 01:30:38,476
the best replacement is a donkey milk.

1456
01:30:38,996 --> 01:30:41,756
So there are so many crazy facts about donkeys.

1457
01:30:42,376 --> 01:30:45,356
And I love that kind of the analogy to Bitcoin

1458
01:30:45,356 --> 01:30:48,736
where the honey badger is kind of like this forceful animal

1459
01:30:48,736 --> 01:30:51,336
that just eats everything, attacks everything,

1460
01:30:51,336 --> 01:30:52,256
is very aggressive.

1461
01:30:53,036 --> 01:30:55,436
And I see donkeys more as these kind of more peaceful,

1462
01:30:56,176 --> 01:30:59,776
space-aware animals where they access the reality.

1463
01:31:00,016 --> 01:31:00,756
They're not forceful.

1464
01:31:00,816 --> 01:31:05,776
They're very good animals for people to hang around,

1465
01:31:05,876 --> 01:31:06,676
like very social.

1466
01:31:07,156 --> 01:31:10,216
And I see them more as the kind of an image of an educator

1467
01:31:10,216 --> 01:31:12,196
that I like to bring to the world.

1468
01:31:12,276 --> 01:31:14,196
I like people who pay attention a lot.

1469
01:31:14,276 --> 01:31:15,196
They listen a lot.

1470
01:31:16,196 --> 01:31:19,416
They are calm and they don't need to shout around.

1471
01:31:19,416 --> 01:31:25,216
they don't need to be aggressive to make a point so yeah for me the donkey is the new

1472
01:31:25,216 --> 01:31:34,276
hennie badger yeah i like that a lot maybe maybe we'll uh have to tell ralphie to uh make uh make

1473
01:31:34,276 --> 01:31:44,416
a donkey artwork yeah yeah very very crazy weird fact about about the the animal um kingdom yeah

1474
01:31:44,416 --> 01:31:44,976
I like it.

1475
01:31:45,496 --> 01:31:47,836
Dushan, this has been absolutely incredible.

1476
01:31:48,036 --> 01:31:49,756
Thank you so much for taking the time

1477
01:31:49,756 --> 01:31:51,016
to come on the Orange Pro Order.

1478
01:31:51,156 --> 01:31:53,856
Honestly, what you're doing with AmityAge

1479
01:31:53,856 --> 01:31:55,316
is really inspiring.

1480
01:31:55,856 --> 01:31:57,676
Mining Bitcoin with wasted energy

1481
01:31:57,676 --> 01:31:58,876
to teach kids about money.

1482
01:31:58,976 --> 01:32:00,316
I mean, that's the kind of story

1483
01:32:00,316 --> 01:32:02,716
that gets people excited about Bitcoin.

1484
01:32:03,116 --> 01:32:03,536
For real.

1485
01:32:03,676 --> 01:32:06,636
And I think what resonates most for us as Gen Z

1486
01:32:06,636 --> 01:32:10,416
is that you're not just talking about changing things.

1487
01:32:10,696 --> 01:32:11,916
You're actually doing it.

1488
01:32:12,336 --> 01:32:13,696
You moved across the world.

1489
01:32:13,696 --> 01:32:20,156
you're in the trenches teaching kids that is our definition of proper action before we go

1490
01:32:20,156 --> 01:32:25,916
dushan where can people find you and amity age where should people go if they want to learn get

1491
01:32:25,916 --> 01:32:31,256
involved or even visit the education center in the road time yeah if you want to visit the center

1492
01:32:31,256 --> 01:32:37,856
just come to raw town you will find us if you put amity age um academy raw town you'll find us on

1493
01:32:37,856 --> 01:32:44,476
Google Maps and just stop by during the week. If you want to, you know, stay in touch, we are on

1494
01:32:44,476 --> 01:32:51,856
social media. I'm mostly or I kind of disconnected quite a lot. But I'm still somewhat active on

1495
01:32:51,856 --> 01:32:59,716
Twitter and LinkedIn. But we have profiles in Instagram, in Twitter, in LinkedIn as well. So

1496
01:32:59,716 --> 01:33:07,316
people can write to us uh follow what we do and uh yeah any anything you know just write us there

1497
01:33:07,316 --> 01:33:14,396
and happy to get in touch perfect and to everyone watching and listening if you enjoyed this episode

1498
01:33:14,396 --> 01:33:18,916
please subscribe leave a review share it with someone who needs to hear this we're building

1499
01:33:18,916 --> 01:33:23,696
something here at the orange pill order and every share every like every comment helps us grow

1500
01:33:23,696 --> 01:33:27,396
Follow us on all socials at OrangePillOrder

1501
01:33:27,396 --> 01:33:30,536
and let us know what your thoughts are on this episode.

1502
01:33:30,656 --> 01:33:34,096
And remember, stay sovereign, stack sats, and keep hodling.

1503
01:33:35,716 --> 01:33:36,556
Perfect, guys.