1 00:00:00,000 --> 00:00:03,580 If you're watching this video, you're going to learn three big things. 2 00:00:03,840 --> 00:00:07,960 Number one, what Bitcoin actually does for people in other countries. 3 00:00:08,340 --> 00:00:17,240 Number two, why cryptocurrencies are dinos and what makes Bitcoin truly different from them. 4 00:00:17,440 --> 00:00:21,840 And number three, why Bitcoin is even more important in a crisis. 5 00:00:22,300 --> 00:00:25,920 Today's guest is Juan from the BitCorner podcast, 6 00:00:25,920 --> 00:00:35,080 here to tell us the story of living in El Salvador when that nation first adopted a Bitcoin standard based. 7 00:00:35,440 --> 00:00:42,020 So if you're brand new to Bitcoin, come on inside the world's biggest Bitcoin welcome center for today's show. 8 00:00:42,320 --> 00:00:42,540 Yeah. 9 00:00:47,500 --> 00:00:50,140 Welcome to Sat Chats. Bienvenidos. 10 00:00:50,760 --> 00:00:55,320 A Sat Chats, the Bitcoin podcast where we chat about sats. 11 00:00:55,840 --> 00:00:59,980 Sats are the smallest part of a Bitcoin the same way pennies are the smallest part of a dollar. 12 00:01:00,700 --> 00:01:02,420 With Sat Chats, what are we doing? 13 00:01:02,640 --> 00:01:05,580 We're building the world's biggest Bitcoin welcome center. 14 00:01:05,740 --> 00:01:08,580 To serve as your gateway to generational wealth. 15 00:01:08,700 --> 00:01:13,860 So if you are brand new to Bitcoin, we want to chat about sats contigo. 16 00:01:14,300 --> 00:01:19,040 Head to satchats.com to grab your slot in the studio today. 17 00:01:19,140 --> 00:01:20,360 I'm your host, Stuart. 18 00:01:20,780 --> 00:01:22,720 And I'm your co-host, Anna Bevan. 19 00:01:22,720 --> 00:01:26,480 And with us today in the virtual studio is 183 Juan. 20 00:01:26,800 --> 00:01:30,420 Yes, 183 Juan. 21 00:01:30,740 --> 00:01:38,760 Juan, talk to us about what it was like for you to be a brand new Bitcoiner. 22 00:01:38,880 --> 00:01:42,380 Can you remember what that was like or even when it was? 23 00:01:43,480 --> 00:01:44,220 Yeah, of course. 24 00:01:45,320 --> 00:01:51,160 Actually, my Bitcoin story is quite similar because when you talk about Bitcoiners, 25 00:01:51,160 --> 00:01:53,300 normally 26 00:01:53,300 --> 00:01:55,800 you start us as a Bitcoiner 27 00:01:55,800 --> 00:01:57,560 but then you realize that 28 00:01:57,560 --> 00:01:59,380 when you start talking about this 29 00:01:59,380 --> 00:02:00,460 with your friends and family 30 00:02:00,460 --> 00:02:02,440 especially let's say with your family 31 00:02:02,440 --> 00:02:04,080 you start orange peeling them 32 00:02:04,080 --> 00:02:06,540 but the fact is what with me was 33 00:02:06,540 --> 00:02:10,120 I didn't have to orange peel my closest circle 34 00:02:10,120 --> 00:02:10,740 so 35 00:02:10,740 --> 00:02:13,660 the story of Bitcoin 36 00:02:13,660 --> 00:02:16,380 is that I'm an industrial engineer 37 00:02:16,380 --> 00:02:18,480 so let's say that in the university 38 00:02:18,480 --> 00:02:19,460 we start talking 39 00:02:19,460 --> 00:02:23,580 about Bitcoin, especially more about blockchain, 40 00:02:23,780 --> 00:02:25,680 because blockchain, for those who don't know, 41 00:02:25,860 --> 00:02:29,900 it's a very, very old type of engineering 42 00:02:29,900 --> 00:02:31,100 of processing data. 43 00:02:31,620 --> 00:02:32,100 It's not new. 44 00:02:33,720 --> 00:02:35,560 It's kind of new in Bitcoin, let's say. 45 00:02:37,240 --> 00:02:40,940 But anyways, I studied that. 46 00:02:41,560 --> 00:02:42,220 It was boring. 47 00:02:42,480 --> 00:02:43,900 So I didn't pay much attention. 48 00:02:43,900 --> 00:02:46,400 So I passed the class about blockchain, 49 00:02:46,840 --> 00:02:48,260 another way to processing data. 50 00:02:48,260 --> 00:02:57,340 I passed the class that was okay I graduated engineering so fast forward for those who don't 51 00:02:57,340 --> 00:03:05,700 know I'm from El Salvador but I finished my career here in Barcelona so back then I had my sister in 52 00:03:05,700 --> 00:03:11,040 Barcelona but when I came she ran away from me and she leaves she went to Australia so 53 00:03:11,040 --> 00:03:14,060 So, no, just kidding. 54 00:03:14,860 --> 00:03:20,800 It was just a coincidence, but she lived to Australia to do some stuff. 55 00:03:21,640 --> 00:03:26,160 And when she came back, like a year later, she talked with me one day. 56 00:03:26,420 --> 00:03:29,420 It was almost by the time of COVID, so 2020. 57 00:03:29,420 --> 00:03:31,920 It was not COVID yet, but it was back then. 58 00:03:33,800 --> 00:03:38,140 And she told me, hey, have you, one day just talking randomly, have you heard about Bitcoin? 59 00:03:38,400 --> 00:03:40,700 I was like, I think, yeah, in high school. 60 00:03:40,700 --> 00:03:46,620 in high school in university but but what and she told me no i think it's a very good investment 61 00:03:46,620 --> 00:03:54,380 it's very famous in australia most of the friends use it i think it's interesting and 62 00:03:54,380 --> 00:04:00,060 and that conversation was like that okay like because we always talk about try to talk about 63 00:04:00,060 --> 00:04:05,340 investment like gold silver but i was surprised about bitcoin because 64 00:04:05,340 --> 00:04:09,420 i thought it was just something related to engineering so i passed it there 65 00:04:09,420 --> 00:04:16,600 So then normally we do like family video calls, FaceTime with my dad, with my parents. 66 00:04:17,400 --> 00:04:21,300 And one day we were talking with my mom and dad, my dad and my sister. 67 00:04:22,020 --> 00:04:26,680 And I don't remember how, but Bitcoin also came to the conversation. 68 00:04:27,360 --> 00:04:31,800 And my dad says like, hey, I know about Bitcoin as well. 69 00:04:31,940 --> 00:04:32,920 I think it's a good investment. 70 00:04:33,100 --> 00:04:34,200 Actually, there's a great show. 71 00:04:34,200 --> 00:04:39,780 The show that he's referring is the one that Max and Stacy had back then in RT. 72 00:04:40,280 --> 00:04:41,280 So it was super good. 73 00:04:42,260 --> 00:04:46,460 And he started sharing some clips with that. 74 00:04:46,860 --> 00:04:51,520 But what amazed me is that I started thinking, okay, so I'm an engineer. 75 00:04:52,400 --> 00:04:54,600 My sister comes from finance. 76 00:04:55,500 --> 00:04:57,140 And my dad is a pediatrician. 77 00:04:57,740 --> 00:05:00,480 So we all three come from different fields. 78 00:05:00,760 --> 00:05:02,860 And we all three are interested in Bitcoin. 79 00:05:03,700 --> 00:05:03,920 Right? 80 00:05:04,200 --> 00:05:09,940 So we're like, I was more thinking about my dad, like why a pediatrician is interested in Bitcoin. 81 00:05:10,600 --> 00:05:22,020 So when we talk about this, I just had like, you know, this thought in your mind that why the reason. 82 00:05:22,020 --> 00:05:23,500 So then COVID happened. 83 00:05:24,420 --> 00:05:28,600 And in Barcelona, we didn't have anything to do because we were locked down, even in El Salvador. 84 00:05:29,400 --> 00:05:32,420 So I was like, OK, I don't have much to do. 85 00:05:32,480 --> 00:05:33,700 So I will start studying. 86 00:05:34,200 --> 00:05:42,540 And I think back then Saifuddin started releasing his first book or the second book, I don't 87 00:05:42,540 --> 00:05:43,540 remind. 88 00:05:43,540 --> 00:05:48,580 And I read the first one, the Bitcoin standard, and it was amazing. 89 00:05:48,580 --> 00:05:55,360 So and I think that's the most common to several Bitcoiners, right? 90 00:05:55,360 --> 00:06:00,440 But what amazed me, it was not the part that he talked about Bitcoin, it's the part that 91 00:06:00,440 --> 00:06:02,880 he talked about the history of money. 92 00:06:02,880 --> 00:06:21,540 So I was more surprised about that because first I was kind of angry because I thought, well, not angry, but I was amazed that in university, when you study finance, economics, or even engineering, you learn about economics. 93 00:06:21,540 --> 00:06:26,280 But they don't teach you different types of economics. 94 00:06:26,540 --> 00:06:29,680 They teach you Kinshain economics. 95 00:06:29,680 --> 00:06:36,860 so but what about austrian why don't they don't even say anything about this why they don't say 96 00:06:36,860 --> 00:06:43,060 that we used to use it so and there's several then just started realizing that there's more type of 97 00:06:43,720 --> 00:06:49,280 economics right class of economics so i was amazed at that and i was 98 00:06:49,280 --> 00:06:58,620 studying even more about economics and about history of money coincidentally then as you guys 99 00:06:58,620 --> 00:07:05,600 know Bukele made this huge announcement that in El Salvador we're gonna adopt Bitcoin and not just 100 00:07:05,600 --> 00:07:12,900 adopt it but do it legal tender so I was like okay I think I'm in the right path somehow because if 101 00:07:12,900 --> 00:07:19,380 my country is adopting it it's gonna be something huge the reason why it's huge that's the thing that 102 00:07:19,380 --> 00:07:22,820 I was digging into it because I was still learning a little bit about Bitcoin I was 103 00:07:22,820 --> 00:07:29,580 more into cryptos and bitcoin you know but then as probably as many bitcoiners after 104 00:07:29,580 --> 00:07:39,340 digging into it like listening a lot of podcasts what they're reading books I learned a lot so 105 00:07:39,340 --> 00:07:44,160 and again it was during COVID so for me it was like a really exciting 106 00:07:44,160 --> 00:07:53,920 road to learn about and it's also question yourself because you need to rethink about 107 00:07:53,920 --> 00:07:58,380 your belief system right and I think that's part of your ego because you say okay I have believed 108 00:07:58,380 --> 00:08:04,260 my whole life about something and there was a lie but I know but I want to know why it's a lie 109 00:08:04,260 --> 00:08:06,780 So it's a journey, guys. 110 00:08:07,460 --> 00:08:09,360 Yes, it is. 111 00:08:09,500 --> 00:08:09,860 It is. 112 00:08:10,400 --> 00:08:24,480 So what I heard just now, Juan, is that your family members almost were already somewhat on board with Bitcoin as an investment. 113 00:08:24,480 --> 00:08:28,860 as you were moving into the pandemic 114 00:08:28,860 --> 00:08:35,280 and finding yourself with enough time to study Bitcoin 115 00:08:35,280 --> 00:08:36,820 and to research Bitcoin, 116 00:08:37,020 --> 00:08:40,300 to approach it from a financial investment perspective, 117 00:08:40,680 --> 00:08:43,340 also from like an engineering perspective, 118 00:08:43,340 --> 00:08:46,020 because it is very technologically, 119 00:08:46,480 --> 00:08:48,420 engineering-wise, super interesting. 120 00:08:48,420 --> 00:08:58,520 you know i also heard about how this blockchain is an old style of processing things which was 121 00:08:58,520 --> 00:09:04,000 kind of interesting for me to hear but that you basically found yourself in el salvador 122 00:09:04,000 --> 00:09:14,720 and naib bukele was looking at this poor playa or beach that was next to a nicer one that 123 00:09:14,720 --> 00:09:18,320 through Bitcoin became developed, 124 00:09:18,480 --> 00:09:20,600 became more of a place for people to go, 125 00:09:21,020 --> 00:09:22,600 started to create its own economy. 126 00:09:22,600 --> 00:09:25,900 And he thought, I'm going to do this for all of El Salvador now. 127 00:09:26,100 --> 00:09:27,680 And you're looking at that and saying, 128 00:09:27,720 --> 00:09:30,080 I think I'm in the right place at the right time with Bitcoin. 129 00:09:30,340 --> 00:09:34,660 So that was a really interesting brand new Bitcoiner moment. 130 00:09:35,040 --> 00:09:38,480 And I'm curious out of all that or something else that you might've heard, 131 00:09:39,260 --> 00:09:42,220 what stood out to you or what do you want to learn about more 132 00:09:42,220 --> 00:09:45,160 as our most brand new Bitcoiner? 133 00:09:47,140 --> 00:09:47,620 Yeah. 134 00:09:48,400 --> 00:09:50,220 Juan, I am class of 2025. 135 00:09:50,640 --> 00:09:52,500 We are coming up on one year 136 00:09:52,500 --> 00:09:57,440 of me knowing anything about Bitcoin, 137 00:09:57,840 --> 00:09:59,140 which is yay. 138 00:09:59,420 --> 00:10:01,120 I think we should have a little party about that. 139 00:10:01,120 --> 00:10:01,740 Yeah, we should. 140 00:10:01,880 --> 00:10:03,080 We should celebrate that. 141 00:10:04,240 --> 00:10:05,780 Along with like Hank and Lorraine, 142 00:10:05,780 --> 00:10:09,260 who are also going to be our brand new Bitcoiners. 143 00:10:09,260 --> 00:10:13,020 I was really interested in hearing 144 00:10:13,020 --> 00:10:14,480 how moving 145 00:10:14,480 --> 00:10:16,680 how Ecuador moving to Bitcoin 146 00:10:16,680 --> 00:10:18,840 as the legal tender has 147 00:10:18,840 --> 00:10:20,900 like you said that 148 00:10:20,900 --> 00:10:22,600 made you feel like you were onto something 149 00:10:22,600 --> 00:10:24,860 like you were 150 00:10:24,860 --> 00:10:26,400 doing the right thing basically 151 00:10:26,400 --> 00:10:28,380 El Salvador 152 00:10:28,380 --> 00:10:30,280 what did I say? Ecuador 153 00:10:30,280 --> 00:10:31,860 oh I'm sorry El Salvador 154 00:10:31,860 --> 00:10:34,000 is Ecuador is that in South 155 00:10:34,000 --> 00:10:35,300 that's in South America right? 156 00:10:35,620 --> 00:10:36,140 yeah 157 00:10:36,140 --> 00:10:38,360 anyways that one 158 00:10:38,360 --> 00:10:40,240 We want the right one. 159 00:10:40,560 --> 00:10:42,620 We're going with the right one, not the wrong one. 160 00:10:42,620 --> 00:10:44,000 The one that Naive is in. 161 00:10:44,160 --> 00:10:44,900 Yeah, that one. 162 00:10:46,360 --> 00:10:49,940 Yeah, and just how that made you feel, 163 00:10:50,040 --> 00:10:51,200 like how that transition, 164 00:10:51,620 --> 00:10:52,900 how you realizing that like, 165 00:10:52,940 --> 00:10:56,340 hey, I think I'm doing the right thing here. 166 00:10:56,340 --> 00:10:59,900 And then did that strengthen your conviction 167 00:10:59,900 --> 00:11:01,240 in Bitcoin over crypto? 168 00:11:01,900 --> 00:11:03,960 Were you still, because you said around that time, 169 00:11:04,020 --> 00:11:05,440 you were still dealing with some crypto. 170 00:11:05,440 --> 00:11:11,380 So, yeah, I just want to explore your feelings around that season of your journey. 171 00:11:12,560 --> 00:11:12,780 Okay. 172 00:11:13,360 --> 00:11:13,620 Yeah. 173 00:11:13,620 --> 00:11:20,240 So I was working, and the thing is that during COVID, I was in Barcelona. 174 00:11:20,420 --> 00:11:21,240 I was not in El Salvador. 175 00:11:21,960 --> 00:11:30,340 So because of that, I needed to find a way to find a job because to pay, you know, 176 00:11:30,580 --> 00:11:33,020 everyone else our bills. 177 00:11:33,020 --> 00:11:42,640 so because I was studying these things at first I started with cryptos I was in a crypto company I 178 00:11:42,640 --> 00:11:50,500 was I used to be like like a content writer so that was my job with that crypto company 179 00:11:50,500 --> 00:12:01,780 but then realized that that mostly what impressed me the most is that all cryptos are this are 180 00:12:01,780 --> 00:12:04,480 dynos, which means decentralized in name only. 181 00:12:05,620 --> 00:12:10,900 But you need to think about the reason why they are decentralized in name only. 182 00:12:12,080 --> 00:12:17,820 And it's because Bitcoin has something unique that most of the cryptos never had. 183 00:12:17,820 --> 00:12:28,380 And it's that when Satoshi started to develop Bitcoin and talk with Adam Back and Nick Savo 184 00:12:28,380 --> 00:12:33,700 and the rest of the coiners, there was not a monetary value. 185 00:12:34,080 --> 00:12:36,260 He just said, hey, we're nerdies. 186 00:12:36,340 --> 00:12:37,220 We have this protocol. 187 00:12:38,840 --> 00:12:40,160 I want to use it for this. 188 00:12:40,940 --> 00:12:41,620 Are you in? 189 00:12:41,760 --> 00:12:43,080 And the guy said, okay, let's do it. 190 00:12:43,500 --> 00:12:45,440 So they started using it. 191 00:12:45,860 --> 00:12:47,680 But there was not a monetary value. 192 00:12:51,240 --> 00:12:54,420 So that's the reason why all cryptos are dynons, 193 00:12:55,220 --> 00:12:57,600 because the moment, even Vitalik Buterin, 194 00:12:57,600 --> 00:13:06,300 Just the moment that you copy the Bitcoin code and you want to replicate it and try to make a better Bitcoin, you expect something in return. 195 00:13:07,620 --> 00:13:10,940 And Bitcoin was not like that because there was nothing in return. 196 00:13:11,040 --> 00:13:12,260 There was no monetary value. 197 00:13:12,360 --> 00:13:13,400 There was nothing in the market. 198 00:13:13,760 --> 00:13:22,640 So the moment that it became decentralized, that's the moment that it started little by little increasing in its value, right? 199 00:13:23,000 --> 00:13:25,900 Because in the end, it was in a free market, supply and demand. 200 00:13:25,900 --> 00:13:32,660 so i'm trying to say this because that's that's what hit me in that moment i was like okay so 201 00:13:32,660 --> 00:13:40,440 i was also fighting against my belief system if i if you remembered how to say that so i was like 202 00:13:40,440 --> 00:13:46,600 okay so i think i'm in the in the wrong path and i think i need to pivot to bitcoin so i resigned 203 00:13:46,600 --> 00:13:51,840 to that other company i was like okay i'm gonna be actually i was right i was content writer in 204 00:13:51,840 --> 00:13:57,000 medium back then but what happened is that when you start learning when you have a family member 205 00:13:57,000 --> 00:14:02,060 that knows about bitcoin just start talking about that thing and then with my friends we start 206 00:14:02,060 --> 00:14:06,640 talking about it and my friends told me hey you know much about these things every time that we 207 00:14:06,640 --> 00:14:13,860 hang out they have beers we play board games and whatever during covid and they say like you know 208 00:14:13,860 --> 00:14:19,940 too much about these things we don't know much but we like i like to hear you but we cannot share 209 00:14:19,940 --> 00:14:22,400 with you because we don't know much. 210 00:14:22,400 --> 00:14:24,460 But with my family, we always had these talks 211 00:14:24,460 --> 00:14:27,860 with my dad, with my sister. 212 00:14:27,860 --> 00:14:31,460 And one day I was talking with my dad and my dad told me, 213 00:14:31,460 --> 00:14:35,360 hey, you know that Max Keiser and Stacy 214 00:14:35,360 --> 00:14:37,100 are moving to El Salvador. 215 00:14:37,100 --> 00:14:54,164 And I don know exactly what they going to do but they going to do something and they going to help with the country And I was like and I think also back then the war started the Russian the Russian Ukrainian war started that conflict 216 00:14:54,164 --> 00:15:00,124 So I think Max Stacey resigned to RT and that's the reason I think that why they moved to El Salvador. 217 00:15:00,424 --> 00:15:03,524 But we don't know if they're going to do it anymore because they resigned to RT. 218 00:15:04,444 --> 00:15:07,344 And my dad says, yeah, I don't know, but their show was good. 219 00:15:07,344 --> 00:15:15,744 And I was like, I hope some Salvadorians should do this because, but, you know, like they're so good in the context of El Salvador. 220 00:15:15,904 --> 00:15:17,984 And I said, yeah, it should be good. 221 00:15:18,664 --> 00:15:23,344 And we waited like a few months and there was nobody doing it. 222 00:15:23,824 --> 00:15:29,364 And then one day, well, several days, my friend says like, you know, you know too much things about this. 223 00:15:29,444 --> 00:15:31,804 You should record yourself or you should record with your family. 224 00:15:31,804 --> 00:15:38,464 And then when they talk with my parents, also with my friends, they several times told me like, you should record yourself about doing this. 225 00:15:40,104 --> 00:15:43,704 But of course, now I'm fluent and I'm not shy anymore. 226 00:15:43,844 --> 00:15:46,084 But, you know, when you start, you're shy with the camera. 227 00:15:46,184 --> 00:15:47,024 You don't know how to speak. 228 00:15:47,104 --> 00:15:47,604 You always say. 229 00:15:50,464 --> 00:15:51,464 But now I'm fluent. 230 00:15:51,964 --> 00:15:58,944 So I was like, OK, no, but I know, but I don't know much, but I know people that know a little bit. 231 00:15:58,944 --> 00:16:07,164 and my journey started because for reason of life i was friend of julian linear shout out to julian 232 00:16:07,164 --> 00:16:16,404 which he is the ceo of uh relay that is the broker here in europe uh of bitcoin and also lena sage 233 00:16:16,404 --> 00:16:22,504 that she's now in el salvador and and she's helping the bitcoin office she has the little 234 00:16:22,504 --> 00:16:28,984 hudler um so yeah and they were actually my first host so that's how the journey started 235 00:16:28,984 --> 00:16:37,804 in in the podcast but yeah in the end what convinced me to to switch to bitcoin was what 236 00:16:37,804 --> 00:16:44,204 i told you that i i realized why the reason why actually bitcoin is only decentralized and how i 237 00:16:44,204 --> 00:16:51,744 connected with the salvador is because uh we come from a poor country and we have a lot of that 238 00:16:51,744 --> 00:17:01,684 And I know that even nowadays, the things that we are struggling in El Salvador is that people connect Bitcoin with Bukele. 239 00:17:02,144 --> 00:17:03,224 And I get it. 240 00:17:03,284 --> 00:17:04,284 And I don't judge that. 241 00:17:04,684 --> 00:17:08,084 Because in 2001, we pivoted to dollars. 242 00:17:08,244 --> 00:17:09,124 We used to have colones. 243 00:17:10,024 --> 00:17:13,844 And when that happened, our grandparents lost. 244 00:17:15,044 --> 00:17:19,024 Think about like around nine. 245 00:17:19,024 --> 00:17:24,104 And divide by nine their savings because $1 was 8.75 cologne. 246 00:17:24,244 --> 00:17:27,684 So imagine saving all your life without a pension, without anything. 247 00:17:29,384 --> 00:17:34,504 And suddenly you pivot to something else and it's divided by nine. 248 00:17:34,624 --> 00:17:37,804 So, of course, the life is more expensive or whatever, right? 249 00:17:37,804 --> 00:17:44,584 But because I have started Bitcoin and then I saw what Bukele was doing, okay, I was like, okay. 250 00:17:44,584 --> 00:17:51,664 and and from what i knew back then now i know more about bukele but i know that he was a business 251 00:17:51,664 --> 00:17:57,824 person uh he's that as well so i was like okay the president is a smart guy so he won't he won't do 252 00:17:57,824 --> 00:18:02,764 it just because you know uh and he wants to do something different and probably if you want we 253 00:18:02,764 --> 00:18:10,384 can talk a little bit about his background later but he has like a little proof of work let's say 254 00:18:10,384 --> 00:18:12,504 about what he did when he started in politics. 255 00:18:12,764 --> 00:18:14,544 So I was like, okay, this guy is smart. 256 00:18:14,744 --> 00:18:17,444 So that's why what he's doing in El Sonte 257 00:18:17,444 --> 00:18:21,924 and now a national level has to be a little bit bigger. 258 00:18:22,044 --> 00:18:25,424 It's not just because fame or popularity 259 00:18:25,424 --> 00:18:27,664 or to gain votes because he was already popular, 260 00:18:27,844 --> 00:18:29,264 you know, so he didn't need votes. 261 00:18:29,344 --> 00:18:33,744 He was truly because he wanted to do a change in the country. 262 00:18:34,824 --> 00:18:36,324 Did that answer your question? 263 00:18:37,524 --> 00:18:38,524 Yeah, absolutely. 264 00:18:38,724 --> 00:18:39,744 I loved Dino. 265 00:18:39,744 --> 00:18:42,564 I thought that is so good 266 00:18:42,564 --> 00:18:46,164 Here in the states we use rhino 267 00:18:46,164 --> 00:18:47,944 Republican in name only 268 00:18:47,944 --> 00:18:49,524 We do? 269 00:18:49,824 --> 00:18:51,044 We do use that? 270 00:18:51,564 --> 00:18:52,244 Yeah in the states 271 00:18:52,244 --> 00:18:53,464 I've never heard that before 272 00:18:53,464 --> 00:18:54,064 Are you serious? 273 00:18:54,544 --> 00:18:55,364 You've never heard of rhino? 274 00:18:55,364 --> 00:18:56,124 I don't 275 00:18:56,124 --> 00:18:56,424 You know 276 00:18:56,424 --> 00:18:58,264 I'm not a political individual 277 00:18:58,264 --> 00:19:00,244 So then I guess 278 00:19:00,244 --> 00:19:01,644 Would dino also maybe mean 279 00:19:01,644 --> 00:19:02,864 Democrat in name only? 280 00:19:03,004 --> 00:19:03,724 Or you don't have those? 281 00:19:03,904 --> 00:19:04,704 We only have rhinos 282 00:19:04,704 --> 00:19:05,024 No 283 00:19:05,024 --> 00:19:07,824 I think they're only rhinos 284 00:19:07,824 --> 00:19:08,224 Okay 285 00:19:08,224 --> 00:19:08,784 Alright 286 00:19:08,784 --> 00:19:09,584 Yeah 287 00:19:09,584 --> 00:19:12,204 I mean, Democrats are, they have progressive. 288 00:19:12,764 --> 00:19:17,964 I was waiting for the H, like Republicans Hotel in name only. 289 00:19:18,484 --> 00:19:20,444 I mean, they do actually spell it with an H. 290 00:19:20,584 --> 00:19:21,004 Oh, they do? 291 00:19:21,124 --> 00:19:22,784 Yeah, but it's Republican in name only. 292 00:19:22,924 --> 00:19:25,304 The H just doesn't translate to the actual thing. 293 00:19:25,424 --> 00:19:26,684 No, no, no, it's just there. 294 00:19:26,724 --> 00:19:27,244 Seems good. 295 00:19:27,504 --> 00:19:28,304 You skipped the H. 296 00:19:28,484 --> 00:19:29,324 Yeah, skipped the H. 297 00:19:29,484 --> 00:19:35,084 Yeah, so I loved how you made Dino decentralized in name only. 298 00:19:35,224 --> 00:19:36,404 And I was like, oh, that's nice. 299 00:19:36,404 --> 00:19:57,644 And it sounded like the reason why you felt like cryptocurrency was decentralized in name only is because many of them are either copying the foundational aspects of Bitcoin and tweaking it to try to make it maybe faster or maybe more transactions or maybe more private. 300 00:19:58,704 --> 00:20:05,044 And other cryptocurrencies seem like they might spring from another code base altogether. 301 00:20:05,044 --> 00:20:16,644 But no matter what, what your point was there is that since Satoshi built this without any real desire to profit from it. 302 00:20:16,764 --> 00:20:20,904 And then, in fact, he left and just said, hey, here's this. 303 00:20:21,024 --> 00:20:22,204 Here's this thing I made. 304 00:20:22,324 --> 00:20:23,904 You know, you guys check it out. 305 00:20:24,824 --> 00:20:26,904 It's truly decentralized. 306 00:20:26,904 --> 00:20:36,924 It's truly unselfish or selfish in a way where everyone has all their incentives aligned to be unselfish in the end. 307 00:20:36,924 --> 00:21:05,304 But for you, these other copycats were just powered by individuals who were trying to iterate on top of Bitcoin in a way that would bring them greater wealth than what we all should be doing, which is simply stacking sats, picking up as much of this neutral money network as we can, and doing hard work and putting value out there into the world, right? 308 00:21:06,044 --> 00:21:06,564 Absolutely. 309 00:21:06,924 --> 00:21:34,204 So, it was interesting for me to learn as well that El Salvador flipped to the U.S. dollar in 2001 and then basically broke its contract with all the Salvadorians who were saving in the Colone or what was the name of it? 310 00:21:34,204 --> 00:21:34,904 Was it Colone? 311 00:21:35,724 --> 00:21:37,304 Colones was in 2001. 312 00:21:37,864 --> 00:21:37,964 Yeah. 313 00:21:38,204 --> 00:21:38,524 Colones. 314 00:21:39,004 --> 00:21:42,604 So if you had saved 900,000 colones, 315 00:21:42,904 --> 00:21:45,004 then all of a sudden they flipped it dollars 316 00:21:45,004 --> 00:21:50,284 and you can only buy $100,000 worth of stuff now. 317 00:21:50,764 --> 00:21:54,084 Like that would be devastating if I were, 318 00:21:54,404 --> 00:21:56,584 and I thought about the people in Lebanon as well, 319 00:21:57,084 --> 00:21:58,604 you know, who saved up 320 00:21:58,604 --> 00:22:02,124 and then basically it was chopped by one sixth. 321 00:22:02,644 --> 00:22:04,364 It's like, dude, that is, 322 00:22:04,364 --> 00:22:17,064 You would be devastated at the end of your life if your life savings that you had counted on being worth something was chopped into one six or one ninth. 323 00:22:17,244 --> 00:22:18,164 I mean, yeah. 324 00:22:18,164 --> 00:22:26,204 And for all of our listeners in America who think, all right, well, we aren't El Salvador. 325 00:22:27,004 --> 00:22:28,764 You know, we are not Lebanon. 326 00:22:28,764 --> 00:22:36,764 nobody's going to suddenly suddenly drop the value of our money that badly. 327 00:22:37,244 --> 00:22:39,064 So why do I need Bitcoin? 328 00:22:39,504 --> 00:22:42,424 America actually has, in fact, done this already. 329 00:22:43,504 --> 00:22:56,424 So when the 6102 order made it illegal for Americans in the 1930s 330 00:22:56,424 --> 00:23:02,444 or somewhere around there to hold on to large amounts of gold, right? 331 00:23:02,504 --> 00:23:05,324 On pain of like a $10,000 fine in jail time. 332 00:23:05,384 --> 00:23:06,344 Like it was a big deal. 333 00:23:07,384 --> 00:23:10,964 They had to turn in their gold to the banks, okay? 334 00:23:12,184 --> 00:23:16,124 And at the time, one ounce of gold was worth $20. 335 00:23:16,904 --> 00:23:19,844 Once they collected all the gold as much as they could, 336 00:23:20,264 --> 00:23:23,384 they revalued the gold just arbitrarily and said, 337 00:23:23,384 --> 00:23:27,264 This is now, it now takes $35 to buy one ounce of gold, 338 00:23:27,424 --> 00:23:32,264 which basically means you would need almost twice as much money 339 00:23:32,264 --> 00:23:33,904 to buy the same amount of gold. 340 00:23:34,504 --> 00:23:38,964 So it wasn't chopped in one-sixth like Lebanon. 341 00:23:39,164 --> 00:23:41,604 It wasn't chopped one-ninth like El Salvador, 342 00:23:41,744 --> 00:23:42,544 which is even more insane. 343 00:23:42,824 --> 00:23:43,984 It was chopped in half. 344 00:23:44,324 --> 00:23:46,684 But in the 30s, I think it was the 1930s, 345 00:23:46,944 --> 00:23:51,104 America chopped the value of its citizen savings in half. 346 00:23:51,104 --> 00:23:52,484 And guess what, folks? 347 00:23:52,484 --> 00:23:58,084 if you're here in America, especially since the start of the pandemic and all of the money printing, 348 00:23:58,364 --> 00:24:02,764 where they added 40% of the money supply back on top of what was already there, 349 00:24:02,764 --> 00:24:09,244 they kind of basically did in that moment, make your savings worth half as much as it was. 350 00:24:09,444 --> 00:24:13,624 It's been creeping out over the years, right? And they're like, oh, we're at 2% inflation, 351 00:24:13,724 --> 00:24:20,644 3% inflation, when really we're at like 9%, 10%, 11%. And certain categories are just twice as 352 00:24:20,644 --> 00:24:25,624 expensive period. Like they're doing it to us as well here in America. And what we're trying to 353 00:24:25,624 --> 00:24:33,264 bring you all with stories like Juan's grandparents story here is that this can happen to you and it 354 00:24:33,264 --> 00:24:38,704 has happened to your parents and grandparents and great grandparents. So you need to get into 355 00:24:38,704 --> 00:24:47,224 something that is not a dino, right? You need to get yourself into Bitcoin, man. So one thing I 356 00:24:47,224 --> 00:24:52,224 want to hear from you too, Juan, is to go back to this blockchain moment because I'm still stuck on 357 00:24:52,224 --> 00:24:59,364 that. I think if I'm a brand new Bitcoiner, and I'm only two years into this journey myself, 358 00:24:59,364 --> 00:25:09,644 so I'm pretty dang brand new as well. The blockchain to me was this incredible new thing 359 00:25:09,644 --> 00:25:14,604 that allows each of us to send each other Bitcoin 360 00:25:14,604 --> 00:25:17,304 without any funny business. 361 00:25:17,304 --> 00:25:20,384 Because you're basically recording that traction, 362 00:25:20,824 --> 00:25:27,524 that transaction in over 20,000 ledgers globally, 363 00:25:28,224 --> 00:25:30,144 individually, right? 364 00:25:30,264 --> 00:25:32,664 To where you just can't cheat that system. 365 00:25:32,884 --> 00:25:34,844 It felt super newfangled. 366 00:25:35,284 --> 00:25:38,284 I feel like it's a big part of what makes Bitcoin go. 367 00:25:38,284 --> 00:25:44,064 But as an industrial engineer, you're saying the blockchain is old. 368 00:25:44,404 --> 00:25:45,744 Can you tell us more about that? 369 00:25:46,864 --> 00:25:47,104 Yeah. 370 00:25:48,744 --> 00:25:49,764 That is good, man. 371 00:25:50,324 --> 00:25:55,724 One thing I will say is that I haven't studied this much since back then, but I'll tell you what I remind. 372 00:25:57,184 --> 00:26:00,664 So, okay. 373 00:26:00,664 --> 00:26:08,884 So what I remind is that, okay, so there's different ways to process information. 374 00:26:09,964 --> 00:26:18,524 So let's say the best thing about blockchain is that it's used with encryption. 375 00:26:20,224 --> 00:26:24,844 But of course, now it's more popular because Bitcoin uses it. 376 00:26:24,844 --> 00:26:30,644 But their origins, I think, is back in the 90s, if I'm not mistaken. 377 00:26:30,664 --> 00:26:32,844 so 378 00:26:32,844 --> 00:26:34,684 I don't 379 00:26:34,684 --> 00:26:36,584 remind exactly the last name 380 00:26:36,584 --> 00:26:37,404 I think it was 381 00:26:37,404 --> 00:26:40,284 Stornetta, something like that 382 00:26:40,284 --> 00:26:41,044 Scott Stornetta 383 00:26:41,044 --> 00:26:44,664 that he 384 00:26:44,664 --> 00:26:46,884 and another one that I don't remind his name 385 00:26:46,884 --> 00:26:48,804 had designed like the first 386 00:26:48,804 --> 00:26:49,964 system of blocks 387 00:26:49,964 --> 00:26:53,004 which were secured by cryptography 388 00:26:53,004 --> 00:26:54,604 and those ones 389 00:26:54,604 --> 00:26:55,744 were used to 390 00:26:55,744 --> 00:26:58,184 sign digital documents 391 00:26:58,184 --> 00:27:00,324 so because you know 392 00:27:00,324 --> 00:27:02,284 when you sign with cryptography, 393 00:27:02,864 --> 00:27:05,424 sign documents, 394 00:27:05,724 --> 00:27:06,824 you cannot alterate that. 395 00:27:07,484 --> 00:27:07,884 It's like, 396 00:27:08,964 --> 00:27:09,304 you know, 397 00:27:09,484 --> 00:27:10,984 the most simple thing, 398 00:27:11,064 --> 00:27:11,264 right, 399 00:27:11,464 --> 00:27:12,044 nowadays, 400 00:27:12,184 --> 00:27:13,124 that when you have a PDF 401 00:27:13,124 --> 00:27:14,584 that you cannot alterate 402 00:27:14,584 --> 00:27:15,244 unless you have, 403 00:27:15,664 --> 00:27:17,004 you pay for a software 404 00:27:17,004 --> 00:27:18,124 that you can alterate that, 405 00:27:18,404 --> 00:27:18,544 right? 406 00:27:18,964 --> 00:27:19,304 So, 407 00:27:20,004 --> 00:27:21,444 that's one thing. 408 00:27:21,524 --> 00:27:22,104 And the other one, 409 00:27:22,164 --> 00:27:22,704 I think, 410 00:27:23,424 --> 00:27:24,064 that I remind 411 00:27:24,064 --> 00:27:25,164 is that 412 00:27:25,164 --> 00:27:26,844 it was used 413 00:27:26,844 --> 00:27:27,484 in 414 00:27:27,484 --> 00:27:29,204 the tree of Merkle. 415 00:27:29,884 --> 00:27:30,284 So, 416 00:27:30,324 --> 00:27:40,824 So in the trial market, basically what it does is that it groups several documents into one single block. 417 00:27:42,284 --> 00:27:51,984 So what it does nowadays that we know is that that makes more efficient the way that information is processed into a block. 418 00:27:51,984 --> 00:27:54,804 So now you have several information, just take it to a block. 419 00:27:54,804 --> 00:28:06,564 but then that information I think evolved into engineering and into some concepts that nowadays 420 00:28:06,564 --> 00:28:16,884 we know in the 2000s but now remind that I was talking about the 19th 1999 now we're talking 421 00:28:16,884 --> 00:28:25,384 about thousands so even proof of work now we are in 2026 so proof of work probably was used 422 00:28:25,384 --> 00:28:34,604 the first day in the thousands 2004 or something like that and it was used with things 423 00:28:34,604 --> 00:28:44,564 that were before bitcoin like hash cash uh or i don't remind the other name i think it was 424 00:28:44,564 --> 00:28:46,064 reusable proof of work. 425 00:28:46,744 --> 00:28:47,704 Yeah, our pal. 426 00:28:50,184 --> 00:28:51,124 Hal Finney. 427 00:28:51,404 --> 00:28:52,624 Hal Finney. Yes, yes, yes. 428 00:28:52,624 --> 00:28:56,424 No, you're reminding me of 429 00:28:56,424 --> 00:28:59,624 the Genesis book by Aaron Van Weirdam. 430 00:29:00,184 --> 00:29:01,124 So this is, you know, 431 00:29:01,604 --> 00:29:05,344 for a minute I was thinking that you were about to claim 432 00:29:05,344 --> 00:29:07,324 that the blockchain was like 433 00:29:07,324 --> 00:29:11,364 maybe something that some guys did with pencil and paper 434 00:29:11,364 --> 00:29:13,384 in the 18th century. 435 00:29:13,384 --> 00:29:16,284 like during the Industrial Revolution. 436 00:29:16,624 --> 00:29:17,284 Yeah, also as well. 437 00:29:17,324 --> 00:29:20,044 But it is really important to remember, 438 00:29:20,544 --> 00:29:31,808 and I learned this reading the Genesis book that Bitcoin is an assembly of other things that have been around for a while 439 00:29:33,048 --> 00:29:39,168 And to Juan's point, the blockchain was, 440 00:29:40,048 --> 00:29:43,008 at least there's a moment in the book that I remember where 441 00:29:43,008 --> 00:29:50,328 people were trying to figure out how to prove conclusively 442 00:29:50,328 --> 00:29:54,808 that somebody signed a document online 443 00:29:54,808 --> 00:29:58,188 at a specific day and time. 444 00:29:58,768 --> 00:30:02,048 And I think it was to basically... 445 00:30:02,048 --> 00:30:02,608 The sunrise. 446 00:30:02,728 --> 00:30:06,788 I think you would take the document 447 00:30:06,788 --> 00:30:10,908 and you would take the signature and all that 448 00:30:10,908 --> 00:30:13,448 and you would hash it. 449 00:30:13,568 --> 00:30:15,728 You would send it through that one-way process 450 00:30:15,728 --> 00:30:17,968 that would create a value 451 00:30:17,968 --> 00:30:22,628 that can only be created if this is exactly the same. 452 00:30:23,048 --> 00:30:26,688 If you change even one element about it and send it back through, 453 00:30:26,888 --> 00:30:28,588 you get a different value. 454 00:30:29,348 --> 00:30:32,188 And so you can say, no, this document has been tampered with. 455 00:30:32,188 --> 00:30:39,588 So, you know, hashing in order to say that something happened 456 00:30:39,588 --> 00:30:44,728 and it's 100% true, that's been around. 457 00:30:44,728 --> 00:31:06,968 But then using that hash, a number, using the hashing process many times in a row in order to achieve a specific value at the end, in order to say yes to something, was actually Adam Back's idea of limiting email spam. 458 00:31:06,968 --> 00:31:13,468 right so they originally want to prove that a document has not been tampered with and then this 459 00:31:13,468 --> 00:31:19,048 other guy says well if we just make a computer run this process an arbitrary number of times 460 00:31:19,048 --> 00:31:24,448 until they find a specific number you basically can put a certain amount of work around 461 00:31:24,448 --> 00:31:30,428 an activity to make sure that people can't abuse it and in a world where you can send 462 00:31:30,428 --> 00:31:39,788 1 million emails per split second into every single person's inbox, if they need to do 60 463 00:31:39,788 --> 00:31:46,908 seconds of work as a computer in order to gain the right to send an email, then sending a million 464 00:31:46,908 --> 00:31:53,668 emails all at once becomes impossible for a spammer to achieve, right? It's just too costly. 465 00:31:53,668 --> 00:31:56,828 And then you had the Merkel trees. 466 00:31:57,168 --> 00:32:11,028 You have the economics you talked about where at university, they've been teaching you that Keynesian economics where governments are allowed to step in and kind of do whatever they feel is necessary to smooth things out. 467 00:32:11,128 --> 00:32:12,088 But oops, guess what? 468 00:32:12,228 --> 00:32:16,308 It actually makes each thing, each version of the bad thing even worse. 469 00:32:16,308 --> 00:32:22,048 you know they're teaching you austrian economics or you have to teach yourself austrian economics 470 00:32:22,048 --> 00:32:27,308 which is hey do i have this money or do i not have it it's literally so simple it's it's insane 471 00:32:27,308 --> 00:32:33,588 that it's not the the standard but short story long one is reminding me that bitcoin just like 472 00:32:33,588 --> 00:32:38,648 simple steve said it's like the wright brothers made an airplane out of spare lawnmower parts 473 00:32:38,648 --> 00:32:45,728 and it flew beautifully the first time and then they disappeared okay so the the hashing time 474 00:32:45,728 --> 00:32:52,988 stamp thing is that what docu-sign uses or do they use a like a different version of that because 475 00:32:52,988 --> 00:32:57,948 like you can see different like time stamps and i'm saying docu-sign there are other like signing 476 00:32:57,948 --> 00:33:04,948 yeah like technology pieces i don't know but they they must they must do something but i i think the 477 00:33:04,948 --> 00:33:10,928 breakthrough on the bitcoin side was connecting it to money is doing it without a central authority 478 00:33:10,928 --> 00:33:15,868 Like DocuSign itself probably has its own records. 479 00:33:16,508 --> 00:33:23,808 And if you wanted to, you might be able to corrupt a human being inside DocuSign. 480 00:33:23,988 --> 00:33:25,528 Well, it's owned by a company. 481 00:33:25,668 --> 00:33:26,228 Like it's a person. 482 00:33:26,468 --> 00:33:26,728 Yeah. 483 00:33:27,108 --> 00:33:33,208 And maybe they could change the records on their end and say, no, that hasn't been tampered with. 484 00:33:33,748 --> 00:33:34,428 I don't know. 485 00:33:34,428 --> 00:33:46,968 The thing with Bitcoin is nobody can get in there and change that because mathematically, it would create a different number at the end of that process if it has been changed. 486 00:33:49,068 --> 00:33:49,988 Yeah, dang. 487 00:33:50,248 --> 00:33:50,788 It's crazy. 488 00:33:50,968 --> 00:33:51,368 It's crazy. 489 00:33:51,528 --> 00:33:51,828 It's crazy. 490 00:33:52,048 --> 00:33:57,688 Now, let's bring this back down to earth, Juan, because that was a little technical for Hank and Lorraine. 491 00:33:58,048 --> 00:33:59,488 But look, Hank, look Lorraine. 492 00:33:59,968 --> 00:34:00,588 And Anna Bevan. 493 00:34:00,808 --> 00:34:02,948 Let's not just let Hank and Lorraine have that moment. 494 00:34:02,948 --> 00:34:24,868 My advice to the brand new big corner in a moment like this is don't turn your brain off, right? Don't look away from that. Stick with it and say, hey, it takes time to understand how technologies work. Quite frankly, many of us don't even understand how some of the technologies work that we use every single day. 495 00:34:24,868 --> 00:34:27,748 I can't literally describe to you how my car works. 496 00:34:28,328 --> 00:34:30,028 I just know that it does. 497 00:34:30,148 --> 00:34:35,788 And it's been verified by a million humans on earth who do know exactly how it works. 498 00:34:35,948 --> 00:34:36,788 And some robots. 499 00:34:37,028 --> 00:34:37,788 And some robots. 500 00:34:37,908 --> 00:34:38,808 Same is true for Bitcoin. 501 00:34:39,388 --> 00:34:52,428 We have millions and millions and millions of Bitcoiners who have studied Bitcoin as much as they possibly can with their levels of expertise and said, okay, this does work, right? 502 00:34:52,428 --> 00:35:03,008 And when we're here welcoming in the next million brand new Bitcoiners, some of it you're just going to have to trust us on for a little bit while you try to figure stuff like that. 503 00:35:03,128 --> 00:35:11,208 But if you can stick with it, like reading that book, Juan, I can't really say it back to somebody what that book taught me. 504 00:35:11,568 --> 00:35:15,828 But there were moments where I could glimpse cryptography. 505 00:35:15,828 --> 00:35:22,108 Like I just could barely get a grasp on it and go, wow, this is insane technology. 506 00:35:22,428 --> 00:35:35,888 And for Bitcoin to be like 12 breakthrough technologies all braided together artfully by some mysterious individual, it's just insane to sit down and think about Bitcoin sometimes. 507 00:35:36,528 --> 00:35:42,908 Now, if we bring it back down to the real world here, let's talk to... 508 00:35:42,908 --> 00:35:47,868 Now, you're in Barcelona and you're not living in El Salvador right now. 509 00:35:48,948 --> 00:35:51,468 I split my time, like six months. 510 00:35:52,428 --> 00:35:54,908 So have you been to El Sante? 511 00:35:55,128 --> 00:35:56,588 Have you been to Bitcoin Beach? 512 00:35:56,968 --> 00:36:04,868 What can Anna Bevin expect when it's time for her to fly down there and have a little, have some vacaciones? 513 00:36:05,548 --> 00:36:06,428 I love that. 514 00:36:07,588 --> 00:36:11,568 Bitcoin related or tourist related or Salvador related? 515 00:36:12,468 --> 00:36:14,468 Ooh, dealer's choice. 516 00:36:15,488 --> 00:36:16,648 However you take that. 517 00:36:16,888 --> 00:36:17,128 Yeah. 518 00:36:18,128 --> 00:36:18,688 Okay. 519 00:36:18,688 --> 00:36:23,468 so I'll give a hint of everything 520 00:36:23,468 --> 00:36:25,088 a mix of everything 521 00:36:25,088 --> 00:36:26,868 so 522 00:36:26,868 --> 00:36:29,108 yeah I think 523 00:36:29,108 --> 00:36:31,468 what you can expect is that 524 00:36:31,468 --> 00:36:32,908 you can go to El Sante 525 00:36:32,908 --> 00:36:35,408 Bitcoin Beach and you will 526 00:36:35,408 --> 00:36:37,348 find Bitcoin circular 527 00:36:37,348 --> 00:36:39,548 economy which means 528 00:36:39,548 --> 00:36:41,508 that probably anywhere that you 529 00:36:41,508 --> 00:36:43,668 go even if it is 530 00:36:43,668 --> 00:36:45,288 a small shop 531 00:36:45,288 --> 00:36:47,148 like you know like 532 00:36:47,148 --> 00:36:50,208 very family business 533 00:36:50,208 --> 00:36:51,888 that small shop that they sell 534 00:36:51,888 --> 00:36:53,608 like Coca-Cola 535 00:36:53,608 --> 00:36:55,208 and chips or whatever 536 00:36:55,208 --> 00:36:57,108 they will accept you Bitcoin 537 00:36:57,108 --> 00:36:59,468 they will say yes 538 00:36:59,468 --> 00:37:01,728 and 539 00:37:01,728 --> 00:37:04,608 and yes 540 00:37:04,608 --> 00:37:07,388 in El Salvador related 541 00:37:07,388 --> 00:37:08,808 I think El Salvador is beautiful 542 00:37:08,808 --> 00:37:10,588 so the beach 543 00:37:10,588 --> 00:37:13,348 are awesome, the mountains are 544 00:37:13,348 --> 00:37:15,048 awesome, the city 545 00:37:15,048 --> 00:37:16,948 it's even beautiful 546 00:37:16,948 --> 00:37:19,308 but there's a reality 547 00:37:19,308 --> 00:37:21,428 that yes we did 548 00:37:21,428 --> 00:37:23,188 Bitcoin legal tender 549 00:37:23,188 --> 00:37:25,128 not anymore but it's still using it 550 00:37:25,128 --> 00:37:26,088 but 551 00:37:26,088 --> 00:37:29,208 I think that 552 00:37:29,208 --> 00:37:31,308 people don't realize 553 00:37:31,308 --> 00:37:33,168 that there are two efforts right now 554 00:37:33,168 --> 00:37:34,008 happening in El Salvador 555 00:37:34,008 --> 00:37:35,748 the grassroots efforts 556 00:37:35,748 --> 00:37:38,448 and from the top to bottom 557 00:37:38,448 --> 00:37:40,988 so the two are things 558 00:37:40,988 --> 00:37:42,308 are happening simultaneously 559 00:37:42,308 --> 00:37:44,408 the only difference in El Salvador 560 00:37:44,408 --> 00:37:46,908 is that now we don't have it as a legal 561 00:37:46,908 --> 00:37:54,068 tender but in the reality nothing has changed in the contrary i think the efforts have evolved even 562 00:37:54,068 --> 00:38:02,008 more why is that because there are grassroots efforts like no nation and bitcoin berlin that 563 00:38:02,008 --> 00:38:10,428 those are let's say independent projects that not related to the bitcoin office that for example 564 00:38:10,428 --> 00:38:17,648 Bitcoin Berlin, they replicated the same thing that happened in El Sante, that it started orange 565 00:38:17,648 --> 00:38:24,248 building people in Berlin, in the mountains. And when we say orange building is basically 566 00:38:24,248 --> 00:38:31,088 teach about how to use Bitcoin in the most simple way. Why? I don't know. A grandma will say, 567 00:38:31,188 --> 00:38:37,168 why would I accept Bitcoin instead of the dollar? And the reason is, hey, grandma, do you have 568 00:38:37,168 --> 00:38:41,848 access to a bank account do you have a bank account and she will say no because actually 569 00:38:41,848 --> 00:38:48,108 the bank is like i don't know like 50 miles away because i was living in a small city so i need to 570 00:38:48,108 --> 00:38:56,208 take the bus it takes time whatever and then some people are so poor that they don't have even 571 00:38:56,208 --> 00:39:02,308 the way to get an id and of course to open a bank account you need your id right 572 00:39:02,308 --> 00:39:07,948 a reminder that we come now salvador is probably one of the safest if not the safest uh country 573 00:39:07,948 --> 00:39:14,708 in latin america uh but we were the most dangerous country in the world in the world not in latin 574 00:39:14,708 --> 00:39:20,348 america in the world so you need to have the context of that so not just the time that you 575 00:39:20,348 --> 00:39:28,148 need to take to go to another city to open in a bank account um uh is what you need to take into 576 00:39:28,148 --> 00:39:31,588 into account, but also the danger of the country, right? 577 00:39:32,988 --> 00:39:37,648 So nowadays, as I said, in Bitcoin Berlin, 578 00:39:37,748 --> 00:39:39,468 what they're trying to do is that in Berlin, 579 00:39:39,588 --> 00:39:43,288 they have built a circular economy. 580 00:39:43,288 --> 00:39:46,388 What now the grandma says, like, hey, why should I accept Bitcoin? 581 00:39:46,808 --> 00:39:50,788 Okay, yeah, the country is safe, but still the bank is so far away. 582 00:39:51,708 --> 00:39:55,288 Do you have any family members that probably help you in your economy 583 00:39:55,288 --> 00:40:02,368 or, for example, your grandkids, your daughter, I don't know, 584 00:40:02,448 --> 00:40:04,688 your son that helps you that live outside. 585 00:40:05,048 --> 00:40:05,728 And they say, yes. 586 00:40:05,828 --> 00:40:06,828 Okay, how do you receive money? 587 00:40:07,588 --> 00:40:09,308 Okay, probably through Western Union. 588 00:40:09,548 --> 00:40:11,908 Okay, how much time takes to go there? 589 00:40:11,988 --> 00:40:15,348 But in the end, it's come to the same thing, the same problem, right? 590 00:40:15,428 --> 00:40:18,188 Probably it's a grandma that I'm just using the example of the grandma 591 00:40:18,188 --> 00:40:19,968 as one of the many examples. 592 00:40:19,968 --> 00:40:35,308 She needs to go to the city, make the queue in this sort of things and spend time and spend money because, of course, they need to take a transfer station. 593 00:40:35,868 --> 00:40:37,248 And then they will receive the money back. 594 00:40:38,068 --> 00:40:42,728 But with Bitcoin, they say, OK, but let's do some tests. 595 00:40:43,028 --> 00:40:45,488 I'm going to send you some stats right now. 596 00:40:45,488 --> 00:40:53,308 and of course yes one thing that you need to know and probably you don't know is that people even if 597 00:40:53,308 --> 00:41:00,608 you are in countries that are in conflicts or not you have a phone and i'm not saying an iphone i'm 598 00:41:00,608 --> 00:41:05,588 not you imagine iphone xiaomi no i'm talking about a phone a phone that you can download something 599 00:41:05,588 --> 00:41:14,168 that run bitcoin it's enough so yeah of course she has her phone so i'll say okay i'll send you 600 00:41:14,168 --> 00:41:20,608 on SATs so they send SATs how it takes you know guys like seconds probably one two seconds so now 601 00:41:20,608 --> 00:41:29,728 imagine your son is in the US and he wants to send you money we don't care how much uh and you do the 602 00:41:29,728 --> 00:41:36,768 test you you call him hey uh do you know about bitcoin they say yes and they say okay now your 603 00:41:36,768 --> 00:41:43,928 mom used bitcoin so send some SATs instantly so that's the things that they try to replicate in 604 00:41:43,928 --> 00:41:49,488 bitcoin berlin uh that's one of the efforts but the other one that i think are more powerful 605 00:41:49,488 --> 00:41:57,148 in elizabeth it's um some projects like no nations that no nation teach about kids 606 00:41:57,148 --> 00:42:05,748 teach kids sorry about bitcoin and probably about everything related to bitcoin in the most simple 607 00:42:05,748 --> 00:42:15,508 way like playing so and of course kids loves to play so i'm sharing all these stories because in 608 00:42:15,508 --> 00:42:22,088 the end if you go to el sablo like el sante you will experience all these circular economies 609 00:42:22,088 --> 00:42:29,628 but if you go to other places like bitcoin berlin you will see that there's another type of economy 610 00:42:29,628 --> 00:42:31,888 evolving as much as El Sante. 611 00:42:32,728 --> 00:42:36,188 And there are small grassroots efforts across all of El Salvador. 612 00:42:37,168 --> 00:42:42,708 So if I were you and you tell me, hey, I'm going to El Salvador next month. 613 00:42:42,868 --> 00:42:47,588 Yeah, do the things that Bitcoiners do that always go to El Sante, Bitcoin Berlin, but 614 00:42:47,588 --> 00:42:51,948 explore the country because you will see grassroots efforts everywhere that it's happening. 615 00:42:51,948 --> 00:42:54,388 And people are learning about Bitcoin. 616 00:42:54,588 --> 00:42:54,768 And why? 617 00:42:54,888 --> 00:42:56,548 Because there's a need. 618 00:42:56,548 --> 00:43:09,008 And the need is one of the most simple ones that the most impactful and the most urgent one in El Salvador, now that it's safe, is that people still don't have access to bank account. 619 00:43:09,168 --> 00:43:14,228 And through Bitcoin, they can have access to the bank services, let's say, without a bank, right? 620 00:43:14,308 --> 00:43:17,728 So that's the more powerful thing that we can do. 621 00:43:19,068 --> 00:43:20,048 Incredible. Incredible. 622 00:43:20,048 --> 00:43:36,908 So, you know, what I'm hearing as an American is that not every person on earth has easy access to a bank account digitally or physically. 623 00:43:37,248 --> 00:43:42,028 Right. You might not have access through the web. 624 00:43:42,268 --> 00:43:46,608 You might have you might not have access because it's 50 miles away. 625 00:43:46,608 --> 00:43:50,768 Maybe you have somebody that's working outside of your country 626 00:43:50,768 --> 00:43:52,828 to earn more money and they're sending it back. 627 00:43:53,028 --> 00:43:57,028 It's going through Western Union, slow, clunky. 628 00:43:57,228 --> 00:43:58,048 There's fees. 629 00:43:58,588 --> 00:44:16,752 Some countries even have rent seekers who hang out near the Western Union to kind of hit you up for some of your money as you coming out But in America you know we don often run into someone that doesn have a bank account or that can access 630 00:44:16,752 --> 00:44:23,312 one. And usually most Americans who are born in America aren't sending money to family worldwide. 631 00:44:24,072 --> 00:44:29,612 But, and so that plus many other things creates an environment where Americans just aren't that 632 00:44:29,612 --> 00:44:38,412 interested in Bitcoin, but it's like, guys, Juan is describing a world where your grandma 633 00:44:38,412 --> 00:44:46,392 in El Salvador with no practical access to a bank can become her own bank through Bitcoin 634 00:44:46,392 --> 00:44:54,672 and receive transmissions from family members working in other countries 635 00:44:54,672 --> 00:45:03,532 instantly on the lightning network or pretty dang quick on chain, right? And can go from someone 636 00:45:03,532 --> 00:45:09,952 that really can't work very easily with money to someone who can stack sats and stay humble. I mean, 637 00:45:10,572 --> 00:45:18,232 guys and girls, are people sending billions of dollars from developed countries back to their 638 00:45:18,232 --> 00:45:23,832 families in less developed countries? Are they sending one or two trillion dollars per year? 639 00:45:23,832 --> 00:45:45,612 I can't remember. But if Bitcoin's market capitalization is between one and two trillion right now, and eventually the whole world jumps on board and is sending one to two trillion more back to one another, what do you think is going to happen to the dollar price of Bitcoin? 640 00:45:45,612 --> 00:46:03,512 I can give you, sorry to interrupt, I can give you actually an example that relies, I think, on people in America. Just like the grandma, I can escalate this even to right now, really quick, like what's going on with the conflict that we are now with Iran. 641 00:46:03,512 --> 00:46:07,612 so actually I have a conversation with Alex Tansik 642 00:46:07,612 --> 00:46:10,572 for guys that don't know he used to be a goldback 643 00:46:10,572 --> 00:46:11,652 now he's a full bitcoiner 644 00:46:11,652 --> 00:46:16,232 but he explains this that gold 645 00:46:16,232 --> 00:46:20,032 let's say gold because as you mentioned 646 00:46:20,032 --> 00:46:21,532 the story in 1971 647 00:46:21,532 --> 00:46:27,052 we used to use gold right after the war too right 648 00:46:27,052 --> 00:46:31,712 but he said he told me something that clicks on me 649 00:46:31,712 --> 00:46:40,912 And I said, OK, I think here I can see a real value on Bitcoin for countries like the US or Russia or China. 650 00:46:41,572 --> 00:46:47,232 That is that gold can work in peacetime, but now we are in wartime. 651 00:46:48,172 --> 00:46:51,652 And I think the panorama is going to that direction. 652 00:46:52,472 --> 00:46:54,972 So gold cannot work that way, but we can. 653 00:46:55,212 --> 00:46:56,872 And I'm going to explain a really quick why. 654 00:46:56,872 --> 00:47:04,372 why because he says that when you work with gold and you and you have your clients where we call 655 00:47:04,372 --> 00:47:10,892 let's say nations or let's say powerful companies they say like uh well he was explaining he was 656 00:47:10,892 --> 00:47:17,972 explaining his uh in his case right so let's use alex he says like hey alex i need to i i need that 657 00:47:17,972 --> 00:47:25,772 you deliver this kind of gold this quantity of gold in this vault in x country uh but what happens 658 00:47:25,772 --> 00:47:38,452 When you need to move gold to another country, you need the supply of gold, you need people to secure it, and you need, of course, the way to deliver. 659 00:47:40,072 --> 00:47:42,752 So let's say that you can do that, you start doing it. 660 00:47:44,272 --> 00:47:47,972 He used COVID time, but in this example, he used this time. 661 00:47:48,292 --> 00:47:53,832 So imagine that you're crossing gold, I don't know, from United States to Europe. 662 00:47:55,772 --> 00:47:57,132 And now we're in times of war. 663 00:47:57,892 --> 00:48:02,672 So you move gold, the huge quantity of gold through ships, right? 664 00:48:03,272 --> 00:48:07,352 But what can happen right now that the ship can be sink? 665 00:48:07,872 --> 00:48:09,352 So because we're in wartime. 666 00:48:09,712 --> 00:48:10,392 So what happens to gold? 667 00:48:10,652 --> 00:48:11,212 It disappears. 668 00:48:11,872 --> 00:48:15,172 And that is something that he told me that's called failure to deliver. 669 00:48:15,172 --> 00:48:21,292 And that's the most critical thing that for gold boats can happen. 670 00:48:21,292 --> 00:48:27,652 You cannot have a failure to deliver ever because the transactions are settled down, are closed. 671 00:48:28,152 --> 00:48:29,832 You need to deliver those things. 672 00:48:30,732 --> 00:48:35,412 So if you fail, that's really bad for your reputation. 673 00:48:35,572 --> 00:48:39,252 Probably the worst thing that can happen for a gold box ever. 674 00:48:39,432 --> 00:48:40,452 You need to deliver somehow. 675 00:48:41,412 --> 00:48:44,712 But of course, there's a lot of things that could happen, right? 676 00:48:44,712 --> 00:48:50,952 That, as I told you, you can lose the gold because the ship will be sinking. 677 00:48:51,292 --> 00:48:53,652 So, and that your business is ruined. 678 00:48:54,532 --> 00:49:12,932 But then he told me that in COVID, he thought that, okay, if he has gold in Switzerland, in the vaults, and he needs to move to the US or to another part of Europe, Switzerland, back then, he put all the planes down. 679 00:49:13,152 --> 00:49:16,072 So nobody can take off, nobody can land, right? 680 00:49:16,072 --> 00:49:20,832 So right now, let's say that it's kind of similar in some situations because we're in war. 681 00:49:21,292 --> 00:49:23,072 But with Bitcoin, you can do that. 682 00:49:23,072 --> 00:49:31,892 So a client can say, hey, I need to move this quantity, this amount of Bitcoin to this client, to this part of the world, this part of the world. 683 00:49:32,852 --> 00:49:33,872 Bitcoin is not physical. 684 00:49:35,032 --> 00:49:40,172 So you can send that amount of money instantly. 685 00:49:40,952 --> 00:49:50,752 And you can do it even in wartime, because even if they try to do anything to steal your Bitcoin, how they're going to do it? 686 00:49:50,752 --> 00:49:51,272 It's unstoppable. 687 00:49:51,632 --> 00:49:53,152 When it's in the network, it's done. 688 00:49:53,652 --> 00:49:56,312 When the transaction is done, you cannot do anything. 689 00:49:56,712 --> 00:49:57,352 So it's instantly. 690 00:49:57,772 --> 00:50:04,312 So that, I think, is the real case and one of the valuable things that you can do in Bitcoin nowadays. 691 00:50:06,632 --> 00:50:07,192 100%. 692 00:50:07,192 --> 00:50:15,732 You can send Bitcoin to anyone at any time for any reason, and no one can get in between you and that transaction. 693 00:50:15,732 --> 00:50:20,332 It might be to take money out of a wartime zone. 694 00:50:20,872 --> 00:50:23,972 It might be to send money to your abuela. 695 00:50:24,512 --> 00:50:38,692 It might be to pay for a coffee at some shop that has a square terminal that's set up by Jack Dorsey and the folks at Block to accept Bitcoin. 696 00:50:38,832 --> 00:50:41,352 But nobody can stop you, which is super important. 697 00:50:41,352 --> 00:50:46,412 And there's so much more to Bitcoin that makes it super valuable. 698 00:50:46,712 --> 00:50:49,532 We'll never fit it into a single chat about sats. 699 00:50:49,872 --> 00:50:54,632 So we do ask each of our guests if they'd be willing to come back on in nueve meses 700 00:50:54,632 --> 00:50:58,532 to give us an update on their Bitcoin baby. 701 00:50:58,652 --> 00:51:00,652 Would you be willing to do that for us, Juan? 702 00:51:01,572 --> 00:51:02,112 Of course. 703 00:51:02,772 --> 00:51:03,032 Why not? 704 00:51:03,072 --> 00:51:04,612 Okay, let's go. 705 00:51:05,372 --> 00:51:07,252 Now we're going to take a break here for Ithaca Hummus 706 00:51:07,252 --> 00:51:11,012 before we ask you to give us your two sats. 707 00:51:11,352 --> 00:51:12,792 All right. 708 00:51:12,992 --> 00:51:17,432 So we are tasting today from Ithaca Hummus, 709 00:51:17,572 --> 00:51:19,592 our Buy the Dip moment sponsor, 710 00:51:19,912 --> 00:51:23,052 reminding us to buy the dip. 711 00:51:23,172 --> 00:51:24,532 Great time to buy the dip right now. 712 00:51:24,532 --> 00:51:24,952 Absolutely. 713 00:51:24,952 --> 00:51:27,932 68, 160 on the Clark Moody. 714 00:51:28,052 --> 00:51:29,072 On the Clark Moody. 715 00:51:29,632 --> 00:51:32,992 We are tasting the lemon dill. 716 00:51:33,452 --> 00:51:36,512 So we are going to act as your taste buds in the studio today. 717 00:51:36,832 --> 00:51:37,472 So cheers. 718 00:51:37,672 --> 00:51:37,872 Cheers. 719 00:51:41,352 --> 00:51:49,112 you need to need to make more noise guys 720 00:51:49,112 --> 00:51:53,132 are you being sarcastic 721 00:51:53,132 --> 00:51:59,152 no i love this man i forgot i'm like this was my first love 722 00:51:59,152 --> 00:52:05,372 s-a-s-l-a-s-a-m-r right it's the a-s-m-r man the little crunch there 723 00:52:05,372 --> 00:52:15,652 It tastes like, for me, like a fresh, cold dill pickle a little bit. 724 00:52:15,712 --> 00:52:15,952 Yeah. 725 00:52:16,332 --> 00:52:17,912 Just a little bit of that dill. 726 00:52:18,572 --> 00:52:25,512 Because that dill flavoring kind of makes it feel a little bit like a pickle. 727 00:52:25,652 --> 00:52:26,452 But it's creamy. 728 00:52:27,152 --> 00:52:27,792 It's delicious. 729 00:52:28,452 --> 00:52:30,652 It sort of reminds me of cucumber sandwiches. 730 00:52:31,552 --> 00:52:33,912 I've been oddly craving cucumber sandwiches lately. 731 00:52:33,912 --> 00:52:34,672 Mm-hmm. 732 00:52:34,672 --> 00:52:40,412 I think it's got to be all the Regency era tea times I've been watching. 733 00:52:40,412 --> 00:52:44,952 But Alfred, it's tea time. 734 00:52:45,792 --> 00:52:47,972 Come to tea time, Alistair. 735 00:52:48,752 --> 00:52:50,052 Exactly, all of those. 736 00:52:50,212 --> 00:52:52,312 And that's sort of what it reminds me of. 737 00:52:52,352 --> 00:52:55,112 It feels cozy, elegant. 738 00:52:55,732 --> 00:52:55,952 Yeah. 739 00:52:57,052 --> 00:53:01,892 And sort of delightful for a midday snack. 740 00:53:02,892 --> 00:53:06,812 So, Juan, now we're going to try something new here 741 00:53:06,812 --> 00:53:12,192 where you're going to offer us your two sats. 742 00:53:12,412 --> 00:53:15,912 You got nine months between now and when you come back on. 743 00:53:16,632 --> 00:53:22,172 So that's basically about November or Deciembre of this año. 744 00:53:23,552 --> 00:53:29,472 What can a brand new Bitcoiner expect to experience over the next nine months? 745 00:53:29,472 --> 00:53:31,472 You know, you talked about wartime. 746 00:53:31,892 --> 00:53:34,812 We're in a dip right now. 747 00:53:35,472 --> 00:53:39,372 There's some contention inside the Bitcoin community 748 00:53:39,372 --> 00:53:43,352 around whether to take Bitcoin in this direction 749 00:53:43,352 --> 00:53:45,012 or take Bitcoin in that direction. 750 00:53:45,352 --> 00:53:47,092 Does any of that even matter? 751 00:53:47,892 --> 00:53:51,812 What should a Bitcoiner who's brand new do over the next nine months? 752 00:53:51,852 --> 00:53:53,992 And what do you think is going to happen over the next nine? 753 00:53:55,552 --> 00:53:57,272 That's a really good question. 754 00:53:57,932 --> 00:53:59,332 I was thinking about it. 755 00:53:59,332 --> 00:54:08,572 I'm not good in predictions, but what I don't know is that Bitcoin comes or people discovered Bitcoin by nits. 756 00:54:09,032 --> 00:54:11,132 That's what happened to us in Salvador. 757 00:54:12,032 --> 00:54:18,652 So it would translate it because just even the war and this thing. 758 00:54:18,652 --> 00:54:33,172 And so depending on what's going to happen and who are the countries implicated, probably they will find a need in Bitcoin. 759 00:54:33,172 --> 00:54:42,272 For example, we don't need to go that far when the conflict between Ukraine and Russia happened. 760 00:54:42,452 --> 00:54:46,352 Ukrainians actually discovered Bitcoin because the banks were closed once the war started. 761 00:54:46,352 --> 00:54:50,792 so they couldn't withdraw their money, right? 762 00:54:50,892 --> 00:54:53,292 So there was a need in that, and they discovered Bitcoin. 763 00:54:53,452 --> 00:54:54,512 They used that that way. 764 00:54:55,512 --> 00:55:01,292 So probably what I think is that if this is a scale that we are on uncertainty, 765 00:55:02,512 --> 00:55:07,212 probably we'll see that there will be a need on money, 766 00:55:07,852 --> 00:55:08,952 on how to transact money. 767 00:55:09,992 --> 00:55:13,872 And as I explained to you, it can be two cases, 768 00:55:13,872 --> 00:55:21,732 like normal regular people are us or a macro level like nations, right? 769 00:55:22,272 --> 00:55:24,932 So it's very complex, this topic. 770 00:55:25,232 --> 00:55:29,352 But if there's a need, probably we will see an increase on Bitcoin. 771 00:55:30,272 --> 00:55:33,832 And of course, one of the beautiful things that happens on Bitcoin 772 00:55:33,832 --> 00:55:37,492 is that there's no regulation, there's no control, 773 00:55:37,592 --> 00:55:41,152 it's free market, it's Austrian economics, which is supply and demand. 774 00:55:41,152 --> 00:55:53,352 So if there's more demand and we have a fixed supply, we know that even by the nature of Bitcoin that is deflationary, probably we will see an increase on price. 775 00:55:54,292 --> 00:56:01,012 I don't know, probably because we're kind of a bear market, but these are uncertain times, right? 776 00:56:01,012 --> 00:56:03,212 So probably we'll see that. 777 00:56:03,632 --> 00:56:11,172 So in summary, I think we'll probably use, we will see more use cases of Bitcoin in certain regions. 778 00:56:12,092 --> 00:56:17,412 And because of the demand, probably we'll see that the price will go up. 779 00:56:18,472 --> 00:56:19,232 Let's go. 780 00:56:19,552 --> 00:56:19,732 Yeah. 781 00:56:19,852 --> 00:56:26,532 The more people realize they have a need to move money when they're ready to move money, no matter what's going on, good, bad, or neutral. 782 00:56:26,752 --> 00:56:27,012 Yeah. 783 00:56:27,332 --> 00:56:29,352 The more Bitcoin adoption will grow. 784 00:56:29,352 --> 00:56:32,552 so Juan thank you for your time 785 00:56:32,552 --> 00:56:34,412 where can our Satillionaires 786 00:56:34,412 --> 00:56:36,592 go to spend time with you and your podcast 787 00:56:36,592 --> 00:56:38,592 oh yeah 788 00:56:38,592 --> 00:56:40,152 so probably 789 00:56:40,152 --> 00:56:41,572 we focus 790 00:56:41,572 --> 00:56:44,432 on Fontaine so now actually we have 791 00:56:44,432 --> 00:56:46,712 people to show to Fontaine 792 00:56:46,712 --> 00:56:47,872 so you can watch there 793 00:56:47,872 --> 00:56:49,632 watch and listen there 794 00:56:49,632 --> 00:56:51,452 just 795 00:56:51,452 --> 00:56:54,552 search for BitConner podcast and now actually 796 00:56:54,552 --> 00:56:56,672 we're expanding this so this is the breaking news 797 00:56:56,672 --> 00:56:57,132 for you guys 798 00:56:57,132 --> 00:56:59,712 yeah alpha drop 799 00:56:59,712 --> 00:57:02,832 so now we're expanding 800 00:57:02,832 --> 00:57:03,652 Bitcoin our podcast 801 00:57:03,652 --> 00:57:05,672 normally we have the main show 802 00:57:05,672 --> 00:57:07,512 and some monthly shows 803 00:57:07,512 --> 00:57:08,712 with Bitcoin Felfast 804 00:57:08,712 --> 00:57:12,352 where we do things related to culture 805 00:57:12,352 --> 00:57:14,352 Hollywood exposing the broken systems 806 00:57:14,352 --> 00:57:16,572 but now the guys of Bitcoin Berlin 807 00:57:16,572 --> 00:57:18,492 that they're doing an amazing show 808 00:57:18,492 --> 00:57:20,652 every single month 809 00:57:20,652 --> 00:57:21,232 once a month 810 00:57:21,232 --> 00:57:23,312 they show what they have been building 811 00:57:23,312 --> 00:57:24,172 in Berlin 812 00:57:24,172 --> 00:57:26,852 so now they're part of Bitcoin our podcast 813 00:57:26,852 --> 00:57:28,112 and now they're coming to the show 814 00:57:28,112 --> 00:57:30,592 directly from El Salvador. 815 00:57:30,952 --> 00:57:32,692 So you can have BitCorners, 816 00:57:32,812 --> 00:57:33,992 three shows right now. 817 00:57:34,992 --> 00:57:35,712 My main show, 818 00:57:36,252 --> 00:57:39,072 the collaboration with Bitcoin Film Fest 819 00:57:39,072 --> 00:57:41,252 and the guys from Bitcoin Berlin. 820 00:57:42,032 --> 00:57:45,492 And also you can find me in Noster 821 00:57:45,492 --> 00:57:48,412 and Twitter by the handle of 822 00:57:48,412 --> 00:57:50,052 D Juan SC. 823 00:57:50,772 --> 00:57:51,492 So there you go. 824 00:57:52,112 --> 00:57:52,932 Let's go. 825 00:57:53,432 --> 00:57:54,432 All right, Abes. 826 00:57:54,952 --> 00:57:56,312 All right, Satillionaires. 827 00:57:56,312 --> 00:57:59,632 If you have enjoyed today's show, 828 00:57:59,772 --> 00:58:01,692 click the subscribe button at your chance 829 00:58:01,692 --> 00:58:05,572 to win this silver collectible coin 830 00:58:05,572 --> 00:58:07,032 from CryptoLink Coins 831 00:58:07,032 --> 00:58:09,052 with Satoshi on one side 832 00:58:09,052 --> 00:58:10,492 and then a QR code on the other 833 00:58:10,492 --> 00:58:11,812 with 50,000 sats 834 00:58:11,812 --> 00:58:14,072 when we get to 3,000 subscribers. 835 00:58:14,852 --> 00:58:16,432 And if you would like to find out more ways 836 00:58:16,432 --> 00:58:17,612 to support the show, 837 00:58:17,712 --> 00:58:19,432 whether it's come on or be a sponsor, 838 00:58:19,952 --> 00:58:21,692 you can do so in our show notes. 839 00:58:21,792 --> 00:58:23,012 Gosh, you're doing such a good job 840 00:58:23,012 --> 00:58:24,272 at the Vanna White, Stuart. 841 00:58:24,432 --> 00:58:25,532 I'm born for this. 842 00:58:25,532 --> 00:58:27,732 I would be so good on QVC, by the way. 843 00:58:27,992 --> 00:58:28,392 Definitely. 844 00:58:29,472 --> 00:58:32,352 And Sat Chats is for educational purposes only 845 00:58:32,352 --> 00:58:34,632 and should not be construed as financial advice. 846 00:58:35,072 --> 00:58:37,792 Our guest views are their own. 847 00:58:37,792 --> 00:58:41,652 And until next time, keep stacking them sats. 848 00:58:43,152 --> 00:58:44,012 Farewell.