1
00:00:00,513 --> 00:00:03,363
Mattas, welcome to the Bitcoin Infinity Show.

2
00:00:03,453 --> 00:00:04,353
Nice to have you here.

3
00:00:04,863 --> 00:00:06,393
Knu, thank you for having me.

4
00:00:06,393 --> 00:00:10,683
And uh, uh, greetings from Czech Republic to all your listeners.

5
00:00:11,303 --> 00:00:12,173
Oh, fantastic.

6
00:00:12,203 --> 00:00:17,873
The land of the fenestration, one of my favorite, uh, words in politics ever.

7
00:00:19,463 --> 00:00:19,853
Yeah.

8
00:00:19,913 --> 00:00:25,013
Uh, for those of you that don't know, Mattas is one of the two brothers

9
00:00:25,013 --> 00:00:29,723
that are organizing the B2C Prague Conference, a conference, which I think

10
00:00:29,723 --> 00:00:31,643
you should definitely go to this year.

11
00:00:31,669 --> 00:00:32,839
mid to late June.

12
00:00:32,899 --> 00:00:33,739
It's 18.

13
00:00:33,769 --> 00:00:36,769
No, it's the 19th to the 21st of June.

14
00:00:37,129 --> 00:00:41,299
And you can view use code Infinity for 10% off your ticket.

15
00:00:41,299 --> 00:00:42,979
So let's get that out of the way.

16
00:00:43,189 --> 00:00:44,149
Uh, first.

17
00:00:45,634 --> 00:00:50,614
So, um, Matts maybe, uh, maybe before we get into the questions, uh, can

18
00:00:50,614 --> 00:00:55,144
you give, uh, our listeners a little more of A-T-L-D-R on yourself?

19
00:00:55,204 --> 00:00:59,074
Uh, we've had your brother on, but not you, so, so if you just introduce yourself

20
00:00:59,074 --> 00:01:00,694
a bit, we'll, we'll get to know you a bit.

21
00:01:01,070 --> 00:01:01,790
sure.

22
00:01:01,880 --> 00:01:06,770
So my name is Mattias and I've been organizing Bitcoin events, uh,

23
00:01:06,770 --> 00:01:09,530
with my brother Martin since 2020.

24
00:01:09,890 --> 00:01:15,800
We started in C Republic in Little City Ova with event in Covid time.

25
00:01:15,800 --> 00:01:17,870
When we hit it, we, we kind of.

26
00:01:18,257 --> 00:01:19,695
acted like a honey badgers.

27
00:01:19,695 --> 00:01:21,315
We don't care about covid.

28
00:01:21,315 --> 00:01:27,525
And we, we did it and it took a great traction because even during lockdown,

29
00:01:27,555 --> 00:01:34,305
we attracted 500 people the year after it was, uh, 1000 people the year after 2000.

30
00:01:34,725 --> 00:01:41,895
And that lead us to the year 2023 when we decided to organize, um, um, the

31
00:01:41,955 --> 00:01:44,025
international event, which is BTC Pro.

32
00:01:44,085 --> 00:01:49,905
So now it's been, it's been five years since we will, we organize events for

33
00:01:49,905 --> 00:01:55,365
people who likes to meet in the real space because it's, it's really important.

34
00:01:55,365 --> 00:01:59,385
It, it, it, uh, absolutely speed up your process of understanding Bitcoin.

35
00:02:00,135 --> 00:02:03,975
And neither me or Martin are, uh, tahi.

36
00:02:03,975 --> 00:02:09,585
We, but we always like to, um, uh, meet people and organize, um, different

37
00:02:09,585 --> 00:02:11,235
kind of occasions and parties.

38
00:02:11,235 --> 00:02:16,575
So we, we figured this will be our contribution to network and.

39
00:02:16,965 --> 00:02:19,545
Um, apparently like, yeah, it works.

40
00:02:19,605 --> 00:02:20,655
People, people love it.

41
00:02:21,045 --> 00:02:24,299
Uh, last year we welcomed, almost 8,000 people.

42
00:02:24,569 --> 00:02:26,789
We had 200 plus speakers.

43
00:02:26,849 --> 00:02:30,929
Uh, Michael Sailor is coming for a third time, so this is, this is a

44
00:02:30,929 --> 00:02:35,309
good sign that we are doing something right and the expo is full of, full

45
00:02:35,309 --> 00:02:37,649
of great Bitcoin only companies.

46
00:02:37,649 --> 00:02:43,859
So, um, that was just a, a very short summary of what we are doing.

47
00:02:43,949 --> 00:02:50,099
Other than that, I like music, uh, party and self sovereignty.

48
00:02:50,284 --> 00:02:50,704
Mm-hmm.

49
00:02:50,965 --> 00:02:51,505
Oh, fantastic.

50
00:02:51,985 --> 00:02:55,510
I mean, B2C Prague, like I, I, I was on a space yesterday

51
00:02:55,510 --> 00:02:56,740
and I, I told everyone that.

52
00:02:56,740 --> 00:03:01,210
The, usually the smaller the conference is, if it's a Bitcoin only conference,

53
00:03:01,210 --> 00:03:03,250
the higher the signal to noise ratio.

54
00:03:03,580 --> 00:03:07,960
But GUE is the exception because it's a, it's a fantastic big

55
00:03:07,960 --> 00:03:13,540
conference, but you manage to keep the signal to noise ratio really high.

56
00:03:13,600 --> 00:03:16,180
Uh, there's not a lot of bitcoiners there.

57
00:03:16,180 --> 00:03:17,830
It's, it's very high signal.

58
00:03:18,220 --> 00:03:19,060
And, uh, yeah.

59
00:03:19,060 --> 00:03:25,870
So, so con congrat, uh, uh, kudos to you for two great conferences so far.

60
00:03:25,870 --> 00:03:27,070
They've both been fantastic.

61
00:03:27,355 --> 00:03:27,805
Thank you.

62
00:03:27,895 --> 00:03:34,495
You know, we are doing conferences for, for us we always think like what

63
00:03:34,495 --> 00:03:36,685
the conference should be like that.

64
00:03:37,075 --> 00:03:38,185
So we like it.

65
00:03:38,245 --> 00:03:40,585
And me and Martin, we are hardcore bitcoiners.

66
00:03:40,855 --> 00:03:41,395
Of course.

67
00:03:41,395 --> 00:03:48,025
We've been through this whole alco uh, cycle, like it's a part of the evolution.

68
00:03:48,025 --> 00:03:51,145
So we have a compassion for people, but we don't have a

69
00:03:51,145 --> 00:03:53,035
compassion for those companies.

70
00:03:53,805 --> 00:03:58,240
Now, and speaking of, of coins and the, the, the Bitcoin market and the bitcoin

71
00:03:58,240 --> 00:04:02,770
market, like what, what's, what's your take on the recent market movements in

72
00:04:02,920 --> 00:04:06,730
Bitcoin and like what, what do you think is going on and what's happening there?

73
00:04:07,000 --> 00:04:07,300
Yeah.

74
00:04:07,300 --> 00:04:10,840
Well, I think, uh, being a Bitcoin now is, is great.

75
00:04:10,870 --> 00:04:14,170
Uh, the sentiment is, what's the right word?

76
00:04:14,170 --> 00:04:15,130
It's electric.

77
00:04:15,250 --> 00:04:17,230
It's not just a bull market.

78
00:04:17,230 --> 00:04:19,720
It's uh, it's really a mental shift.

79
00:04:20,290 --> 00:04:24,640
And people who laughed at us five years ago, they are now coming

80
00:04:24,670 --> 00:04:27,130
with questions, serious questions.

81
00:04:27,490 --> 00:04:33,160
The institutions are jumping in, um, uh, trying to write this wave.

82
00:04:33,250 --> 00:04:37,840
Politicians are, uh, scratching their hats and scrambling up.

83
00:04:38,064 --> 00:04:42,114
so here's the thing, like five years ago, it wasn't sure

84
00:04:42,114 --> 00:04:44,844
that Bitcoin is real to stay.

85
00:04:44,874 --> 00:04:50,484
It was sure for us, but now it's really becoming so real that.

86
00:04:51,019 --> 00:04:56,419
no one is like against it anymore, or maybe this is just my bubble feeling,

87
00:04:56,419 --> 00:05:02,069
but I think that we are crossing the chasm from, ly ly adopters or maybe

88
00:05:02,069 --> 00:05:04,799
even late adopters to ly majority.

89
00:05:05,399 --> 00:05:09,722
And this, comes with a great opportunity for everyone.

90
00:05:10,052 --> 00:05:14,552
So if you become Bitcoin, uh, before everyone else, it's

91
00:05:14,582 --> 00:05:16,862
very, very good thing to do.

92
00:05:16,862 --> 00:05:21,902
And I would say that those who, uh, adopt this technology will

93
00:05:21,902 --> 00:05:23,912
gran benefit greatly from it.

94
00:05:24,422 --> 00:05:30,165
And, I think that this is the last time when we really can jump in before

95
00:05:30,195 --> 00:05:33,075
the majority, so the time is sticking.

96
00:05:33,555 --> 00:05:38,219
And, I think that the real FOMO will happen in, in this

97
00:05:38,219 --> 00:05:40,139
year or maybe the year after.

98
00:05:40,469 --> 00:05:44,279
And that's why I'm here, like talk about BTC product because for those

99
00:05:44,279 --> 00:05:50,039
who are curious and who want to jump in, um, maybe they, they are

100
00:05:50,039 --> 00:05:55,439
seasoned bitcoiners, but they also, uh, might be a newcomers because

101
00:05:55,499 --> 00:05:58,199
until now it was kind of a no-no from.

102
00:05:58,589 --> 00:06:01,199
From different reasons, but now it's pretty obvious that

103
00:06:01,409 --> 00:06:02,669
Bitcoin is here to stay.

104
00:06:03,059 --> 00:06:08,132
And, at BTC Prague or pretty much every other event, you get this

105
00:06:08,132 --> 00:06:09,722
conviction that is a real thing.

106
00:06:09,992 --> 00:06:15,842
You see so many people with similar values, with, uh, very smart arguments,

107
00:06:16,172 --> 00:06:21,032
which are against this fiat, uh, experiment, which is clearly ending

108
00:06:21,422 --> 00:06:23,552
because everyone see the inflation.

109
00:06:23,552 --> 00:06:26,672
Everyone has this feeling that the system is erect.

110
00:06:26,672 --> 00:06:29,252
I. And that you need to do something about this.

111
00:06:29,252 --> 00:06:34,562
Like even, even like really everyone like Joe and Joe and Jim from the

112
00:06:34,562 --> 00:06:39,152
street, everyone knows that something is rigged and you need to defend yourself.

113
00:06:39,572 --> 00:06:44,309
And Bitcoin is here to, to help you to overcome this heart period.

114
00:06:44,549 --> 00:06:48,299
And if you come to the conference, it's, uh, it's pretty, it's pretty easy

115
00:06:48,299 --> 00:06:50,939
to get the education, the networking.

116
00:06:50,999 --> 00:06:58,529
You need to be sure that you start and you benefit greatly very, very quickly.

117
00:06:58,529 --> 00:07:02,789
You don't get this feeling from internet because the internet is full of chaos.

118
00:07:02,789 --> 00:07:09,299
It's very difficult to find the signal in the sea of the, of the noise.

119
00:07:09,299 --> 00:07:13,619
So I really think that becoming a bitcoin now matters.

120
00:07:13,649 --> 00:07:19,775
And, uh, the moment of the transformation, when the crowd

121
00:07:19,805 --> 00:07:21,725
is still a little bit uncertain.

122
00:07:22,625 --> 00:07:28,565
Is important because when the crowd is, sure, and you will see everything

123
00:07:28,565 --> 00:07:32,885
in, in the mainstream every week, uh, you will see the news in, in

124
00:07:32,885 --> 00:07:37,565
mainstream, but that's maybe not the, the not the time to, to jump in.

125
00:07:38,320 --> 00:07:42,575
No, uh, I, uh, agree with all of that and I, I just like to pick your brain.

126
00:07:42,575 --> 00:07:46,775
Do you believe, like, when the majority comes into the market, do, do you believe

127
00:07:46,775 --> 00:07:52,685
that there's, there will be a last cycle, like a, a, a one cycle to end them all?

128
00:07:53,045 --> 00:07:57,005
Uh, where, where we just go into hyper ization,

129
00:07:57,078 --> 00:07:57,498
mm-hmm.

130
00:07:57,638 --> 00:07:58,058
Mm-hmm.

131
00:07:58,763 --> 00:08:04,883
Well, I think that, uh, and I'm not sure it is very difficult question.

132
00:08:04,883 --> 00:08:04,943
Yeah.

133
00:08:04,943 --> 00:08:05,003
Um.

134
00:08:07,253 --> 00:08:11,753
I think no one knows the answer, but Bitcoin is technology and

135
00:08:12,023 --> 00:08:17,963
it will be probably, uh, copying somehow the bell curve, which is the

136
00:08:17,963 --> 00:08:20,513
adoption curve of every technology.

137
00:08:20,873 --> 00:08:26,603
So it might be very similar to internet or smartphones.

138
00:08:27,113 --> 00:08:32,423
So probably we will see a huge hockey stick and then it

139
00:08:32,423 --> 00:08:34,253
will start to slow down again.

140
00:08:34,253 --> 00:08:35,753
So it's a scur.

141
00:08:36,443 --> 00:08:43,823
And, uh, how long will will the, the, the parabolic move, uh, be?

142
00:08:44,213 --> 00:08:46,013
Uh, I don't know.

143
00:08:46,013 --> 00:08:50,423
It might be, it might be even like few decades, I would say.

144
00:08:50,543 --> 00:08:51,023
Yeah.

145
00:08:51,083 --> 00:08:55,253
Um, or maybe not because we don't have that many people in the world.

146
00:08:55,438 --> 00:08:56,813
I, I, I have no idea.

147
00:08:56,903 --> 00:08:58,013
It can be fast.

148
00:08:58,733 --> 00:09:00,203
It can be really fast.

149
00:09:00,203 --> 00:09:05,138
I. By adoption of people, but we have so much money in the

150
00:09:05,138 --> 00:09:07,388
world and that will take time.

151
00:09:07,703 --> 00:09:12,473
the Bitcoin is like a black hole, which is sucking the energy, uh, the

152
00:09:12,473 --> 00:09:14,873
monetary energy from every other asset.

153
00:09:15,593 --> 00:09:19,670
And, I think that that will take a long time.

154
00:09:19,790 --> 00:09:24,890
It can take decades from, for people to really understand that it's not

155
00:09:24,890 --> 00:09:27,650
good to diversify to real estate.

156
00:09:28,040 --> 00:09:29,600
Yeah, it's better to buy Bitcoin.

157
00:09:29,900 --> 00:09:30,890
This can take time.

158
00:09:31,250 --> 00:09:35,870
But if we are talking about adoption, that people will start to using, uh, using

159
00:09:35,870 --> 00:09:41,720
it on day-to-day move and that, uh, uh, the fiat, um, experiment will disappear.

160
00:09:41,900 --> 00:09:47,900
That can, that can take, uh, a little bit, uh, a little bit less time.

161
00:09:49,460 --> 00:09:50,645
I, I totally agree.

162
00:09:50,645 --> 00:09:55,500
I mean, the, um, the Scur is applicable to the people adopting Bitcoin.

163
00:09:55,895 --> 00:10:00,035
But, uh, maybe it's not applicable to all the money because there's always

164
00:10:00,035 --> 00:10:01,805
more money and more productivity.

165
00:10:01,805 --> 00:10:06,815
And as the mar, as the economy grows, there's always more money so that that

166
00:10:06,815 --> 00:10:08,645
doesn't have to level out somewhere.

167
00:10:08,645 --> 00:10:11,915
It could just theoretically just keep on going.

168
00:10:12,335 --> 00:10:15,485
Like nothing stops this train, as Aslin likes to say.

169
00:10:15,875 --> 00:10:22,055
Um, so, and, and another thing about, um, adoption, like the best way to, to

170
00:10:22,055 --> 00:10:27,545
actually get to experience how superior Bitcoin a is, is to go to a, a conference,

171
00:10:27,875 --> 00:10:31,055
preferably a big one because you have so many people that you can actually

172
00:10:31,055 --> 00:10:36,845
use it with and see how, how smooth and, and uh, how how great using Bitcoin

173
00:10:36,845 --> 00:10:38,555
is, how great an experience it is.

174
00:10:38,615 --> 00:10:43,115
And it's, it's so frictionless and, uh, don't ask for permission, just do it.

175
00:10:43,475 --> 00:10:47,975
Uh, the more of us that do the, the, the more uns, the, the quicker the

176
00:10:48,035 --> 00:10:50,255
unstoppability of this will unfold.

177
00:10:50,863 --> 00:10:51,553
Yeah, sure.

178
00:10:51,553 --> 00:10:56,263
Like I, I have so many examples in C Republic you can pay

179
00:10:56,263 --> 00:10:57,673
with Bitcoin for everything.

180
00:10:57,703 --> 00:11:04,243
Like I was just in a restaurant with my friends few days ago and I showed

181
00:11:04,243 --> 00:11:09,253
them how I pay with Bitcoin and I paid, paid the bill, uh, with Bitcoin in

182
00:11:09,253 --> 00:11:11,443
random restaurant in my little city.

183
00:11:11,953 --> 00:11:14,803
We have more than a thousand places all over Czech Republic.

184
00:11:14,923 --> 00:11:19,573
Uh, our biggest, uh, online retailer, ALZA is like Czech.

185
00:11:19,573 --> 00:11:25,153
Amazon is accepting Bitcoin and lighting, uh, since 2014, I think.

186
00:11:25,153 --> 00:11:30,193
So you can buy pretty much any electronics or, uh, household attempt,

187
00:11:30,553 --> 00:11:35,009
uh, toys, pretty much everything what you imagine for Bitcoin.

188
00:11:35,219 --> 00:11:37,049
So it's already here.

189
00:11:37,559 --> 00:11:40,289
It's just that the knowledge of.

190
00:11:40,814 --> 00:11:44,294
this technology is not, uh, evenly distributed.

191
00:11:44,294 --> 00:11:50,414
We are already living in the future, and if you are aware of this,

192
00:11:50,444 --> 00:11:54,674
you want to be aligned with this future where you need good money.

193
00:11:54,764 --> 00:11:56,684
And that means becoming a bitcoin.

194
00:11:56,714 --> 00:11:59,414
That means using Bitcoin for your own good.

195
00:11:59,774 --> 00:12:04,814
And it can be, uh, it can defer someone, use it only for saving money, someone

196
00:12:04,814 --> 00:12:09,674
using for payments, someone using for, uh, buying their household items.

197
00:12:09,674 --> 00:12:12,854
But someone is using it for international transfers, which

198
00:12:12,854 --> 00:12:15,344
is also, uh, uh, super cool.

199
00:12:15,404 --> 00:12:18,854
Yeah, not waiting three days, uh, for confirmation.

200
00:12:19,274 --> 00:12:22,004
Uh, this money's, uh, censorship resistant.

201
00:12:22,034 --> 00:12:26,054
There are so many perks, which are just a hundred times better than the

202
00:12:26,054 --> 00:12:28,604
previous technology, previous money.

203
00:12:29,684 --> 00:12:30,374
Absolutely.

204
00:12:30,379 --> 00:12:34,364
And, and there's no coincidence that Prague and the Czech Republic are, are

205
00:12:34,364 --> 00:12:38,474
ahead of the curve here because you, in your country, you have a long tradition

206
00:12:38,504 --> 00:12:44,744
of resistance to, to authority, uh, whether it be your home government or, or

207
00:12:44,744 --> 00:12:46,844
the Soviet Union trying to run you over.

208
00:12:47,174 --> 00:12:49,904
Uh, but, uh, and all, all sorts of things.

209
00:12:49,904 --> 00:12:51,404
So tell us a bit about that.

210
00:12:51,404 --> 00:12:56,624
Why, why Prague and the Czech Republic stands out, uh, uh, from the crowd here

211
00:12:57,146 --> 00:12:57,566
okay.

212
00:12:57,626 --> 00:13:03,599
There are like, checks have been I think always very geeky nation.

213
00:13:03,719 --> 00:13:04,169
Uh.

214
00:13:05,549 --> 00:13:12,059
We are, we are well known as, uh, as researchers, as smart people

215
00:13:12,059 --> 00:13:14,519
who are finding new solutions.

216
00:13:14,939 --> 00:13:18,359
Because we have, we, we are a small nation.

217
00:13:18,359 --> 00:13:22,019
We don't feel particularly strong about ourself.

218
00:13:22,019 --> 00:13:24,749
We've, we've been always ruled by someone.

219
00:13:25,409 --> 00:13:30,839
Um, and this made us a kind of humble nation.

220
00:13:30,839 --> 00:13:37,169
And people knew that they need to work for their own to have something extra.

221
00:13:37,709 --> 00:13:42,179
Um, and this especially, uh, and especially talking about the last

222
00:13:42,239 --> 00:13:45,689
attack when we were under the communism regime where there,

223
00:13:45,719 --> 00:13:47,159
there was nothing on the market.

224
00:13:47,339 --> 00:13:52,709
And if you wanted to have a, a, for example, nice piece of furniture or, or,

225
00:13:52,739 --> 00:13:56,849
or something, something nice for your household, you had to make it by yourself.

226
00:13:57,269 --> 00:14:00,851
So People have this craftman culture.

227
00:14:01,301 --> 00:14:08,881
And, when Bitcoin came into tuition, uh, in 2008, 2009, um, few smart

228
00:14:08,881 --> 00:14:14,791
people already started to geeking, geeking about it in Prague, um, in,

229
00:14:14,971 --> 00:14:17,131
in the, uh, hackerspace Burm lab.

230
00:14:17,701 --> 00:14:23,971
And those were the people who were lying down the foundation for Bitcoin ecosystem.

231
00:14:24,391 --> 00:14:31,018
So, uh, in this hackerspace, the first ever, mining pool, happened to, to be,

232
00:14:31,048 --> 00:14:37,288
to be founded slash pool working until now with, uh, more than 1 million Bitcoin

233
00:14:37,738 --> 00:14:40,978
being mined now operated by brains.

234
00:14:41,068 --> 00:14:43,908
Another great check based, uh, bitcoin company.

235
00:14:44,418 --> 00:14:47,928
it that, that was in a year, 2010, if I'm not mistaken.

236
00:14:48,604 --> 00:14:54,454
then 2012, the first ever hardware wallet was, uh, made in Czech Republic in Prague

237
00:14:54,514 --> 00:14:59,314
by stick and slash sat lips with BIP 39.

238
00:14:59,314 --> 00:15:05,918
The seed phrase, it was also discovered in, in Czech, or 2013, the general bytes,

239
00:15:05,948 --> 00:15:12,038
uh, the biggest Bitcoin ATM manufacturer by Kara Kowski also made in Prague.

240
00:15:12,548 --> 00:15:17,438
And, uh, we, we've always had very close to libertarian and

241
00:15:17,498 --> 00:15:19,238
anarchical capitalistic thinking.

242
00:15:19,238 --> 00:15:26,138
So there was this black three floor building par in 2014 where all

243
00:15:26,138 --> 00:15:31,688
those cipher punks and, uh, and geeks and hackers were coming and,

244
00:15:31,748 --> 00:15:36,848
and, and talking about Bitcoin and this, because we started very early.

245
00:15:37,448 --> 00:15:40,658
The Czech Bitcoin community started very soon.

246
00:15:40,718 --> 00:15:43,924
We had the time to, understand, to learn about it.

247
00:15:44,044 --> 00:15:46,924
You know, that it takes time to understand Bitcoin.

248
00:15:47,461 --> 00:15:50,251
you can speed it up only, only, only a bit.

249
00:15:50,311 --> 00:15:56,131
And because we had time, it snowballed until now where we

250
00:15:56,131 --> 00:16:00,511
have like a huge Bitcoin community with 10 million inhabitants.

251
00:16:00,541 --> 00:16:04,714
Czech Republic has, more than 1 million Bitcoin enthusiasts.

252
00:16:04,804 --> 00:16:09,574
Those are just numbers from some, some research and many, uh, bitcoin

253
00:16:09,631 --> 00:16:15,651
companies are, um, based in Prague because, uh, the culture here is just,

254
00:16:15,681 --> 00:16:18,051
just really cool and, and really great.

255
00:16:18,741 --> 00:16:20,751
And even the government recognized this.

256
00:16:21,141 --> 00:16:27,171
And recently, uh, our president, uh, signed a law where, uh, you don't need

257
00:16:27,171 --> 00:16:32,901
to pay, um, the capital gain taxes after holding your Bitcoin for three years.

258
00:16:33,141 --> 00:16:35,601
So the, we have a time test for Bitcoin.

259
00:16:36,321 --> 00:16:40,641
And the second part of this law was that, uh, the companies have a right

260
00:16:40,641 --> 00:16:45,741
for, uh, corporate bank account because those companies had had, uh, a lot of

261
00:16:45,741 --> 00:16:51,321
problems 'cause the, the, the foreign, uh, banks were closing their accounts

262
00:16:51,831 --> 00:16:59,001
and, and trying to, uh, screw them with, with this this sneaky, sneaky attack.

263
00:16:59,331 --> 00:17:01,191
So now, um.

264
00:17:02,046 --> 00:17:07,566
It seems that the government recognized the, the opportunity and want to establish

265
00:17:07,566 --> 00:17:14,436
Czech Republic as somehow Bitcoin Capital of Europe with Chick Crown having, um,

266
00:17:14,496 --> 00:17:17,346
uh, as our, as our currency, not Euro.

267
00:17:17,916 --> 00:17:22,146
This is something what gives me, gives me a real hope for, for the future,

268
00:17:22,296 --> 00:17:28,176
even though I'm coming a little bit from the more, um, grassroots movement.

269
00:17:28,446 --> 00:17:33,876
So I don't praise politics and, and governments and central bankers, but

270
00:17:34,199 --> 00:17:41,009
even me, uh, I, I, I feel, I feel kind of proud, uh, about, about this, uh, and, um.

271
00:17:41,774 --> 00:17:49,994
I'm, I'm only, uh, only waiting when I will see, uh, more and more news from, uh,

272
00:17:50,024 --> 00:17:52,934
from, from Czech, uh, coming to the world.

273
00:17:53,084 --> 00:17:57,524
Like recently, it was a Mikko, the Czech, uh, Czech National Bank Governor

274
00:17:57,794 --> 00:18:02,594
when he stated out that, uh, Czech National Bank is considering, uh,

275
00:18:02,684 --> 00:18:05,534
Bitcoin as a part of the reserve.

276
00:18:05,714 --> 00:18:10,034
And of course, they were, uh, the, the next day they were slapped on

277
00:18:10,034 --> 00:18:11,504
their fingers by Christine Leg.

278
00:18:13,184 --> 00:18:16,514
Uh, but, but I think it doesn't, doesn't matter.

279
00:18:16,514 --> 00:18:24,104
And, uh, the game terror is already, already in play and it just about

280
00:18:24,104 --> 00:18:28,574
the time when the whole world will see it, and as it is worked for

281
00:18:28,574 --> 00:18:31,424
individuals, if you are first.

282
00:18:31,919 --> 00:18:36,624
You have, uh, better opportunity and, and better leverage it.

283
00:18:36,629 --> 00:18:37,289
It works.

284
00:18:37,289 --> 00:18:43,769
Same for, for countries and, um, and, and Czech Republic, uh, definitely can be one

285
00:18:43,769 --> 00:18:50,064
of those countries in Europe similar to El Salvador in, in, uh, in Latin America.

286
00:18:50,716 --> 00:18:52,121
Yeah, it's, it's super, uh.

287
00:18:52,151 --> 00:18:54,221
Super bullish news, all of it.

288
00:18:54,256 --> 00:18:55,721
Uh, uh, definitely.

289
00:18:55,991 --> 00:19:00,101
And speaking of Christine Laggard, I saw a tweet the other day where, uh,

290
00:19:00,131 --> 00:19:05,321
from the European Central Bank of, of how to spot a counterfeit Euro bill.

291
00:19:05,981 --> 00:19:10,001
And I think it's so ironic because all of them are counterfeit, in my opinion.

292
00:19:10,001 --> 00:19:15,491
And the, the only re, the only way to know that no one is printing more

293
00:19:15,701 --> 00:19:20,801
of the monetary unit you're using is to actually know every single

294
00:19:20,801 --> 00:19:22,931
transaction that goes on in that system.

295
00:19:23,201 --> 00:19:26,051
And there's only one way to do that, and that is to run a Bitcoin

296
00:19:26,051 --> 00:19:27,281
node and check for yourself.

297
00:19:27,491 --> 00:19:31,451
That's the only, that's the only way you can know that, that

298
00:19:31,451 --> 00:19:33,341
no counterfeiting can happen.

299
00:19:33,731 --> 00:19:36,821
So, uh, so yeah, run a node.

300
00:19:36,821 --> 00:19:40,871
That's how you, that's how you know all the other currencies can

301
00:19:40,871 --> 00:19:44,831
and will be counterfeited either by central banks, by normal banks,

302
00:19:44,831 --> 00:19:47,201
or by some other evil entity.

303
00:19:47,591 --> 00:19:49,511
Uh, that's, that's just what happens.

304
00:19:49,541 --> 00:19:50,861
The incentive is too strong.

305
00:19:51,381 --> 00:19:51,801
Yeah.

306
00:19:51,831 --> 00:19:57,771
I don't want to even start talking about European Union and those Brussels

307
00:19:57,771 --> 00:20:01,731
elites, or they call themselves elites, but they, they, they have no idea.

308
00:20:01,731 --> 00:20:04,071
They're, they're out already from this game.

309
00:20:04,191 --> 00:20:04,431
Just,

310
00:20:04,506 --> 00:20:08,976
No, the there elites only in the sense of like that they are

311
00:20:08,976 --> 00:20:10,836
the most successful parasites.

312
00:20:11,856 --> 00:20:11,976
I.

313
00:20:12,546 --> 00:20:16,866
So, uh, you mentioned parallel police there shortly, like

314
00:20:17,106 --> 00:20:18,006
what's happening there?

315
00:20:18,006 --> 00:20:20,346
I heard a rumor that it is closed down or something.

316
00:20:20,346 --> 00:20:21,306
Is is that true?

317
00:20:22,101 --> 00:20:25,881
Uh, it's closed down in the sense that it, it's, it changed

318
00:20:25,881 --> 00:20:27,651
names, it changed somehow.

319
00:20:27,651 --> 00:20:28,761
Ownership.

320
00:20:28,851 --> 00:20:37,401
Um, I think the culture, what was there, um, has kind of died and changed.

321
00:20:38,091 --> 00:20:43,191
Um, and, uh, honestly, I, I haven't been there for, for some time,

322
00:20:43,191 --> 00:20:45,921
so, uh, I, I, I, I don't know.

323
00:20:46,746 --> 00:20:48,696
No, because I, I know this.

324
00:20:49,086 --> 00:20:52,746
PA Police was never a Bitcoin only place.

325
00:20:52,746 --> 00:20:52,986
Right?

326
00:20:52,986 --> 00:20:55,626
There was a, a lot of ery going on there.

327
00:20:55,776 --> 00:21:01,056
Even though this, it was born before the distinction was even possible to, to make

328
00:21:01,056 --> 00:21:07,956
for most people it because it it's been there since, yeah, since, uh, since when?

329
00:21:08,526 --> 00:21:10,626
Like 2010, 2011,

330
00:21:10,851 --> 00:21:15,666
Uh, I think a little bit later, like 2014, I would, I would guess,

331
00:21:16,056 --> 00:21:16,446
Yeah.

332
00:21:16,716 --> 00:21:21,156
But still before the whole, before the Bitcoin standard and the whole,

333
00:21:21,216 --> 00:21:26,046
uh, introduction of bi Bitcoin versus Bitcoin narrative, uh, that

334
00:21:26,046 --> 00:21:27,546
simply wasn't there in the beginning.

335
00:21:27,546 --> 00:21:32,856
So, so these are, these are the, the true original cipher punks that have just

336
00:21:32,856 --> 00:21:38,466
been fighting for, uh, your freedom to do whatever the fuck you want, basically,

337
00:21:38,811 --> 00:21:41,961
You know, I really like, I really like Par Police.

338
00:21:42,051 --> 00:21:49,401
It's, it's very respectable, um, place from the sense that in, in Czech we

339
00:21:49,401 --> 00:21:56,121
had this law that every single, um, business which is serving people needs

340
00:21:56,121 --> 00:22:00,501
to have this, uh, electronic cashier.

341
00:22:00,651 --> 00:22:06,591
And they were the only one who refused that because they were not accepting cash.

342
00:22:07,266 --> 00:22:09,336
And they, they went away with it.

343
00:22:09,396 --> 00:22:14,916
They were really, I think they were the only, um, only ca cafe in the

344
00:22:14,916 --> 00:22:20,763
whole Chi Republic who didn't have this, this electronic cash system,

345
00:22:21,063 --> 00:22:23,733
which was mandatory by Czech law.

346
00:22:24,243 --> 00:22:28,293
It's, uh, they, they, they showed the middle finger and they won.

347
00:22:28,833 --> 00:22:33,693
Um, and, and regarding the, the Bitcoin area there, um, they were

348
00:22:33,693 --> 00:22:35,733
really focused on Bitcoin a lot.

349
00:22:36,093 --> 00:22:39,063
I would say 90, 95%.

350
00:22:39,513 --> 00:22:46,413
But because I think because of the, uh, of the, they were kind of blockchain

351
00:22:46,443 --> 00:22:49,473
agnostic, let's say, very politely.

352
00:22:49,473 --> 00:22:57,123
So there were some, some, uh, Ethereum people and, and, and even, uh, Monero.

353
00:22:57,123 --> 00:23:00,723
But I, I think that they were kind of selective even from

354
00:23:00,723 --> 00:23:02,523
the, from the shitcoin part.

355
00:23:02,733 --> 00:23:05,493
They selected only the best of those shit coins.

356
00:23:06,168 --> 00:23:09,768
The least worst anyway, so, so yeah.

357
00:23:09,768 --> 00:23:09,769
Yeah.

358
00:23:09,774 --> 00:23:12,708
I, I can, I can very much recommend you visit the place

359
00:23:12,708 --> 00:23:14,178
because it's such a cool place.

360
00:23:14,328 --> 00:23:18,288
And also right across the street, there's one, uh, there's a great,

361
00:23:18,348 --> 00:23:24,078
uh, restaurant, uh, uh, with a lot of good meat, like, uh, Texan barbecue

362
00:23:24,468 --> 00:23:27,453
sort of joint that I can't remember the name of, but that's great too.

363
00:23:28,165 --> 00:23:28,795
Hello there.

364
00:23:28,975 --> 00:23:32,815
I'm k Kurt Swan home and I'm an international village idiot and author.

365
00:23:33,085 --> 00:23:38,305
These are my books on Bitcoin, Bitcoin sovereignty through mathematics, Bitcoin,

366
00:23:38,305 --> 00:23:42,865
independence, reimagined, Bitcoin, everything divided by 21 million and

367
00:23:43,585 --> 00:23:44,905
Bitcoin, the inverse of Clown World.

368
00:23:44,995 --> 00:23:50,185
These are now reedited redesigned and available from the Bitcoin Infinity Store.

369
00:23:50,185 --> 00:23:51,085
I mean, look at that.

370
00:23:51,355 --> 00:23:53,425
Look at how your collection could look.

371
00:23:53,920 --> 00:23:54,670
Uh oh.

372
00:23:54,790 --> 00:23:56,500
It's upside down, but there they are.

373
00:23:56,500 --> 00:24:01,360
Anyway, but more than that, all of these books will be released for free chapter

374
00:24:01,360 --> 00:24:03,580
by chapter, week by week on Noster.

375
00:24:03,640 --> 00:24:08,260
Also accompanied by a video that Luke and I will make talking about the ideas in

376
00:24:08,260 --> 00:24:13,435
the book where we answer your questions, because you can sign up for the Bitcoin

377
00:24:13,480 --> 00:24:17,980
Infinity Academy and join courses for each and every one of the books.

378
00:24:18,160 --> 00:24:21,610
And talk to us every now and then and get other perks, like

379
00:24:21,670 --> 00:24:23,020
a free set of steak knives.

380
00:24:23,410 --> 00:24:25,540
So go to the Bitcoin Infinity Store right now.

381
00:24:25,690 --> 00:24:27,550
Get the books, sign up for the Academy.

382
00:24:27,610 --> 00:24:30,460
The steak knives is only a, maybe I'll write them.

383
00:24:32,684 --> 00:24:37,364
So, uh, yeah, where are we, where, where do we want to take this conversation?

384
00:24:37,424 --> 00:24:42,314
Uh, anything more about Prague in the Czech Republic that people ought to

385
00:24:42,314 --> 00:24:46,694
know, like, uh, anything else you want to talk about in that, in that area?

386
00:24:47,219 --> 00:24:52,559
Uh, well, uh, I never, uh, let the opportunity to shell

387
00:24:52,589 --> 00:24:54,119
BTC Prague on the table.

388
00:24:54,119 --> 00:25:02,564
So I think that this year is, um, and I. I've been thinking about about the,

389
00:25:02,684 --> 00:25:08,234
the next phase of, uh, Bitcoin adoption a lot because with BTC Prague, we

390
00:25:08,234 --> 00:25:13,274
always, uh, try to adapt to the market.

391
00:25:13,844 --> 00:25:19,844
And, uh, with, with every bull market, we get a huge wave of newcomers.

392
00:25:20,714 --> 00:25:25,304
And this brings a question, who are the newcomers?

393
00:25:25,304 --> 00:25:26,414
This bull market?

394
00:25:27,404 --> 00:25:32,504
And those newcomers are different than in last bull market because

395
00:25:32,804 --> 00:25:35,894
of the legitimization of Bitcoin.

396
00:25:36,044 --> 00:25:41,264
Because bitcoin is getting, um, attraction from politicians and

397
00:25:41,264 --> 00:25:47,114
institutions, we can see them in, in news with, in, in a positive way.

398
00:25:47,834 --> 00:25:51,014
I think that the next wave of people are kind of.

399
00:25:51,584 --> 00:25:58,321
Normie middle class, Jim and Joe May be wearing suit, and they will be, of

400
00:25:58,321 --> 00:26:03,451
course, coming for the, uh, for, for, for the money part of, of the equation

401
00:26:03,451 --> 00:26:08,851
of the movement because they, they feel threatened by, by inflation and they will

402
00:26:08,851 --> 00:26:14,881
be looking for something to save their money, but also they feel like this might

403
00:26:14,881 --> 00:26:22,591
be a similar opportunity as internet was in early nineties, if you, they, they

404
00:26:22,591 --> 00:26:28,801
don't want to became, uh, blockbusters of this Bitcoin time or Codex or Nokia.

405
00:26:29,671 --> 00:26:35,521
So I think that there are many people who, uh, who feel, hmm, ambition.

406
00:26:36,211 --> 00:26:40,981
And they want to use this, uh, this opportunity of Bitcoin for

407
00:26:40,981 --> 00:26:45,361
their own good to, uh, to have a better salary in their company.

408
00:26:45,361 --> 00:26:48,931
So they want to became this go-to guy, this bitcoin guy

409
00:26:48,961 --> 00:26:50,521
in their, in their company.

410
00:26:51,151 --> 00:26:54,451
And maybe they even were studying Bitcoin for a few years.

411
00:26:54,451 --> 00:27:01,651
So they are not absolute newbies, but it was not very, um, easy to come

412
00:27:01,651 --> 00:27:05,641
up to their boss and say, Hey, boss, let's do something with Bitcoin.

413
00:27:05,881 --> 00:27:08,761
Because until now the boss would just kick them out.

414
00:27:09,121 --> 00:27:11,791
Don't, don't talk, uh, bullshit with me.

415
00:27:11,791 --> 00:27:12,151
Yeah.

416
00:27:12,571 --> 00:27:17,581
Uh, bitcoin is, is, uh, money for, uh, for criminals or something like that,

417
00:27:17,581 --> 00:27:20,041
or is boiling oceans or pick your fat.

418
00:27:20,851 --> 00:27:25,501
But now I think that this is the time when, if you are a Bitcoin in a company.

419
00:27:26,341 --> 00:27:31,291
You can go to your boss, you can say, Hey boss, I see there is opportunity to

420
00:27:31,291 --> 00:27:34,111
use Bitcoin for this and this purpose.

421
00:27:34,141 --> 00:27:39,601
Because if you are a good employee in your fiat job, you see this small

422
00:27:39,691 --> 00:27:43,651
opportunities lying on the table and pick your, pick your, pick your favorite.

423
00:27:43,651 --> 00:27:43,981
Yeah.

424
00:27:44,431 --> 00:27:48,361
Um, and uh, your boss can tell you, okay, yeah, that's a,

425
00:27:48,361 --> 00:27:49,381
that's actually a good idea.

426
00:27:49,381 --> 00:27:50,701
Let's spend some time on it.

427
00:27:50,701 --> 00:27:52,051
Let's, let's, let's research.

428
00:27:52,871 --> 00:27:58,841
And, and you can, you can go to BTC Prague and, and really learn about those use

429
00:27:58,841 --> 00:28:03,671
cases because we are not the first one who, who are, who is thinking about this.

430
00:28:03,701 --> 00:28:11,051
The wheel is already being, uh, developed and you can just pick, uh, a guide,

431
00:28:11,201 --> 00:28:17,321
uh, playbook which fits to your needs and apply it for your own company, for,

432
00:28:17,741 --> 00:28:22,121
uh, your own, um, uh, like ambition.

433
00:28:22,601 --> 00:28:29,531
And if you do it right, you can just like, um, raise your hourly rate in your company

434
00:28:29,651 --> 00:28:35,951
to double, triple, or pretty much every, any, any, uh, what you, what you imagine

435
00:28:36,491 --> 00:28:41,051
as it was in early days of the internet, if you knew how to operate with internet,

436
00:28:41,051 --> 00:28:48,971
if you knew how to do webpages, um, you just had a huge, uh, huge, uh, leverage.

437
00:28:49,496 --> 00:28:56,546
Against, um, against your, uh, against the, the, the whole other job market.

438
00:28:57,986 --> 00:29:01,796
So I think this is, this is the, this is the real opportunity to really, to

439
00:29:01,796 --> 00:29:08,486
really start thinking about Bitcoin as a part of your, of your job and applying

440
00:29:08,486 --> 00:29:11,186
it to other aspects of your life.

441
00:29:11,696 --> 00:29:16,736
I really think that Bitcoin is a level of technology and it gives you the

442
00:29:16,766 --> 00:29:23,306
opportunity to, to grow in a matter that it wasn't possible until now.

443
00:29:23,546 --> 00:29:29,936
It opens up absolutely new doors, which are very easy to open and, and it's,

444
00:29:29,966 --> 00:29:32,516
it's, um, it's with almost no risk.

445
00:29:35,896 --> 00:29:39,616
One thing is that you, you very rarely hear, hear the phrase,

446
00:29:39,946 --> 00:29:41,806
uh, yeah, I don't like Bitcoin.

447
00:29:41,806 --> 00:29:46,456
But, uh, I find the underlying blockchain technology very interesting.

448
00:29:46,606 --> 00:29:48,226
You don't hear that anymore, right?

449
00:29:48,316 --> 00:29:52,726
Because people know that, that phrase, it just reveals your ignorance.

450
00:29:52,726 --> 00:29:56,086
It tells other people how stupid you are when it comes to this stuff.

451
00:29:56,236 --> 00:30:00,796
So the only people using that, that particular, uh, phrase is, is

452
00:30:00,796 --> 00:30:05,206
politicians and, and central bankers and such, like the, the distinction

453
00:30:05,206 --> 00:30:09,106
between Bitcoin and everything else is just becoming so, so clear.

454
00:30:09,526 --> 00:30:09,916
Yeah.

455
00:30:09,916 --> 00:30:11,416
So I have a question for you, Knut.

456
00:30:12,106 --> 00:30:14,296
What do you think it will be?

457
00:30:14,386 --> 00:30:17,986
Uh, the, the scam of this bull market?

458
00:30:18,076 --> 00:30:23,476
You know, last bull market, it was, it was, uh, um, orals and, and before

459
00:30:23,476 --> 00:30:29,086
that it was like altcoins different different colors of all the I altcoins.

460
00:30:29,506 --> 00:30:32,176
Before that it was a ICOs.

461
00:30:32,356 --> 00:30:34,396
So what do you think will be this market?

462
00:30:34,396 --> 00:30:36,076
Because I'm sure it will be something.

463
00:30:37,306 --> 00:30:41,986
Yeah, I mean the meme coins are sort, sort of already dead, I think like Trump

464
00:30:41,986 --> 00:30:44,536
coined and that's, uh, crap was like peak.

465
00:30:44,656 --> 00:30:49,336
Uh, well, how, if the President of the United States makes, makes

466
00:30:49,336 --> 00:30:52,186
one and that does the same fucking rug pool as everything else,

467
00:30:52,186 --> 00:30:53,506
like where do you go from there?

468
00:30:53,536 --> 00:30:55,066
I think meme coins are over.

469
00:30:55,486 --> 00:30:58,306
Uh, I do however, think that this, uh.

470
00:30:59,551 --> 00:31:03,722
Bitcoins on Bitcoin thing, uh, I worry that that might have a, a

471
00:31:03,931 --> 00:31:08,491
resurrect itself because that's very, it's a very damaging thing.

472
00:31:08,491 --> 00:31:13,291
It, it does, uh, clog up the UTXL set and make, make Bitcoin transactions

473
00:31:13,291 --> 00:31:17,791
more expensive for everyone and make, uh, starting your own node,

474
00:31:18,061 --> 00:31:19,351
uh, more expensive for everyone.

475
00:31:19,351 --> 00:31:24,901
So, so I, I hope that that's over and there are some positive, uh, signals.

476
00:31:24,901 --> 00:31:30,031
Like for instance, when the so-called taproot wizards raised $30 million at the

477
00:31:30,031 --> 00:31:31,831
same time, blockstream races a billion.

478
00:31:31,831 --> 00:31:34,952
So like, we're, we're sort of winning that war too.

479
00:31:35,671 --> 00:31:38,161
Uh, and, uh, I, I like that.

480
00:31:38,281 --> 00:31:40,531
Um, but yeah.

481
00:31:41,461 --> 00:31:46,261
There might be the next, uh, uh, I, I mean, I view all of the coins and all of

482
00:31:46,261 --> 00:31:51,601
the scams that, uh, follow in the wake of Bitcoin as some type of attack vector.

483
00:31:51,781 --> 00:31:53,491
Uh, they are the attack.

484
00:31:53,611 --> 00:31:59,761
Uh, um, and the next one might be political that, uh, if, if we let pol

485
00:31:59,761 --> 00:32:06,601
politicians, uh, decide what a node is, for instance, or, or let them, if a

486
00:32:06,601 --> 00:32:10,951
politician says it will be legal to run a Bitcoin node in our country, and then

487
00:32:10,951 --> 00:32:15,451
they, they get to define what a Bitcoin node is, and that's very dangerous.

488
00:32:15,451 --> 00:32:17,071
Like this needs to be.

489
00:32:17,761 --> 00:32:20,911
Run by people who don't give a shit what politicians say.

490
00:32:20,911 --> 00:32:25,111
That's like, uh, if we start obeying and, uh, following rules,

491
00:32:25,111 --> 00:32:26,431
we're not bitcoiners anymore.

492
00:32:26,491 --> 00:32:28,036
Like we, we need it.

493
00:32:28,041 --> 00:32:32,821
It needs, it's, uh, an arco capitalistic ethics to, to actually

494
00:32:32,821 --> 00:32:36,301
work because otherwise it becomes centralized and then it's fucked.

495
00:32:36,301 --> 00:32:37,321
It's just another shit coin.

496
00:32:37,351 --> 00:32:38,971
I, I don't believe that would happen.

497
00:32:38,971 --> 00:32:44,581
I'm insanely, uh, bullish on Bitcoin and, and, uh, convinced about, about

498
00:32:44,581 --> 00:32:50,371
its robustness, especially after how spectacularly, gloriously the, uh,

499
00:32:50,401 --> 00:32:53,161
block size wars were won back in 2017.

500
00:32:53,161 --> 00:32:54,631
We were like unstoppable.

501
00:32:55,261 --> 00:33:00,181
Uh, but yeah, there will probably, there will be more scams.

502
00:33:00,361 --> 00:33:04,981
However, they, they are way more insignificant than they were back in 2017.

503
00:33:05,281 --> 00:33:10,261
Like right now, the entire altcoin market is, is just how

504
00:33:10,261 --> 00:33:11,761
much Bitcoin moves in a day.

505
00:33:11,851 --> 00:33:12,811
That's the equivalent.

506
00:33:12,811 --> 00:33:14,041
Like, so Bitcoin is.

507
00:33:14,386 --> 00:33:15,196
Enormous.

508
00:33:15,526 --> 00:33:17,836
It's, it is like an ant fighting a mammoth.

509
00:33:17,866 --> 00:33:19,576
Like it's, it's, it's nothing.

510
00:33:19,786 --> 00:33:24,196
They make a lot of noise because what, what's the expression?

511
00:33:24,496 --> 00:33:26,896
E empty cans, uh, make more noise.

512
00:33:27,256 --> 00:33:29,656
Uh, and this is what the, the shit point market is.

513
00:33:29,656 --> 00:33:35,506
So they insanely, uh, optimistic about Bitcoin.

514
00:33:35,566 --> 00:33:39,346
I, I think the scams will, there will be another wave of scams.

515
00:33:39,346 --> 00:33:40,606
Hard to tell what it is.

516
00:33:41,086 --> 00:33:46,366
Uh, but hopefully people are smart enough to not fall for it, uh, anymore.

517
00:33:46,486 --> 00:33:49,126
Like, or less people, at least.

518
00:33:49,456 --> 00:33:51,661
There's always another idiot to fool.

519
00:33:51,916 --> 00:33:54,616
But, but yeah, fewer and fewer every time.

520
00:33:55,111 --> 00:33:55,321
Yeah.

521
00:33:55,321 --> 00:34:00,721
Well, even smart people were falling for scams past two, uh, bull markets.

522
00:34:00,721 --> 00:34:01,201
Right.

523
00:34:01,261 --> 00:34:08,461
It's not, uh, it's not, um, I, I feel, I feel like it, it is a part of the learning

524
00:34:08,461 --> 00:34:14,491
process to fall for some scam and, and pay for it because it, it gives you a very

525
00:34:14,491 --> 00:34:18,271
hard lesson, which is almost transferable.

526
00:34:18,301 --> 00:34:18,541
Yeah.

527
00:34:18,541 --> 00:34:24,301
Someone can, can teach you about this, but if you don't, um, if you don't feel

528
00:34:24,301 --> 00:34:31,411
the pain, uh, you, you don't think in a way that you, you, you learn the lesson.

529
00:34:32,176 --> 00:34:32,446
No.

530
00:34:32,476 --> 00:34:37,366
And, uh, in order to fool a smart person or a, uh, an above average intelligence

531
00:34:37,366 --> 00:34:42,766
person, you need to sound so smart that they feel that they're not really

532
00:34:42,766 --> 00:34:46,636
following you, which, which is sort of what Ethereum did for a long time.

533
00:34:46,726 --> 00:34:51,616
Uh, the, the word salad matched the code salad, so to speak.

534
00:34:51,766 --> 00:34:54,046
So, so no one really understood it.

535
00:34:54,286 --> 00:34:57,256
They just pretended that they understood it and that's how they got robbed.

536
00:34:57,346 --> 00:34:59,056
And they, some people are.

537
00:34:59,791 --> 00:35:04,501
Still getting wronged by that obvious, in hindsight, obvious scam, like

538
00:35:04,501 --> 00:35:09,331
a 70% pre mine should have, like, everyone should have seen that.

539
00:35:09,331 --> 00:35:14,641
But, but it was so, well, uh, the, the marketing machine and this, all

540
00:35:14,641 --> 00:35:18,511
these narratives of world computer and all the bullshit, like the, uh,

541
00:35:18,661 --> 00:35:20,431
it, it captured a lot of people.

542
00:35:20,491 --> 00:35:22,711
And same thing with Monero.

543
00:35:22,741 --> 00:35:25,441
So like, oh, it's, this is actually anonymous.

544
00:35:25,651 --> 00:35:28,531
Yeah, but that means you can't audit the supply.

545
00:35:29,461 --> 00:35:31,141
So, so it, it doesn't work.

546
00:35:31,291 --> 00:35:35,821
But, but people, people will for, for one scam or another.

547
00:35:35,821 --> 00:35:41,521
And I think most of that stems from all this misinformation because people don't

548
00:35:41,521 --> 00:35:44,101
understand what problem Bitcoin solves.

549
00:35:45,121 --> 00:35:49,651
And in order to understand a solution, you need to first understand the problem,

550
00:35:49,771 --> 00:35:51,481
and the problem is money printing.

551
00:35:51,511 --> 00:35:54,541
The problem is that you can copy, copy stuff.

552
00:35:54,631 --> 00:35:58,861
Like this is the first thing that can't be copied, that it's as simple as that.

553
00:35:58,921 --> 00:36:01,801
But people have such a hard time wrapping their heads around that.

554
00:36:01,996 --> 00:36:02,921
Yeah, you're right.

555
00:36:02,921 --> 00:36:03,281
You're right.

556
00:36:03,281 --> 00:36:03,941
Absolutely.

557
00:36:03,941 --> 00:36:04,256
Yeah.

558
00:36:04,256 --> 00:36:06,401
The money printing is, is the problem.

559
00:36:06,461 --> 00:36:09,431
Bitcoin is solving it for the first time in a history.

560
00:36:09,701 --> 00:36:11,981
It's, it's so brilliant and.

561
00:36:12,461 --> 00:36:15,551
It's so simple to, to grasp it.

562
00:36:15,611 --> 00:36:21,521
Once you get it, it's, it's almost like, uh, like, uh, like the cryptography,

563
00:36:21,521 --> 00:36:24,491
like the public private key cryptography.

564
00:36:24,491 --> 00:36:24,671
Yeah.

565
00:36:24,671 --> 00:36:28,301
Once you have the key, it's so simple to verify.

566
00:36:28,691 --> 00:36:32,501
But on the other, other side, it's, it's almost impossible

567
00:36:32,501 --> 00:36:34,601
to, uh, to solve the problem.

568
00:36:34,721 --> 00:36:38,861
And I think it's, it's very similar with understanding Bitcoin.

569
00:36:39,251 --> 00:36:43,511
Once you get it, once it, it clicks, it's so obvious and you are just

570
00:36:43,511 --> 00:36:47,651
telling yourself, Hey, how could I be so stupid to not get it sooner?

571
00:36:48,086 --> 00:36:49,646
That's a super good analogy.

572
00:36:49,646 --> 00:36:51,866
Like, uh, it's, uh, uh, yeah, it's great.

573
00:36:52,376 --> 00:36:54,506
But Bitcoin knowledge is like a private key.

574
00:36:54,536 --> 00:36:59,306
Like once you get it, it's, it, it, it doesn't go away.

575
00:36:59,726 --> 00:37:00,116
Uh.

576
00:37:00,266 --> 00:37:05,321
it unlocks, it unlocks a different part of.

577
00:37:06,086 --> 00:37:07,406
Of knowledge as well.

578
00:37:07,406 --> 00:37:13,106
Like, at least I, I kind of feel like Bitcoin really gave me the

579
00:37:13,166 --> 00:37:19,166
power to understand, uh, even things outside of Bitcoin because it just

580
00:37:19,166 --> 00:37:22,916
broadened your, um, your perspective.

581
00:37:23,516 --> 00:37:30,386
And because it, it, it gives you a chance, um, of thinking

582
00:37:30,386 --> 00:37:33,146
about things, uh, differently.

583
00:37:33,386 --> 00:37:40,166
You kind of feel like you, um, you see through the things

584
00:37:40,496 --> 00:37:42,086
which you couldn't see before.

585
00:37:42,086 --> 00:37:42,416
Yeah.

586
00:37:42,776 --> 00:37:48,266
Like another scams and, and the radicalness of the, of, of the

587
00:37:48,266 --> 00:37:53,726
whole, uh, bureaucracy and, and, and the, the list is very, very long.

588
00:37:53,726 --> 00:37:57,776
But before Bitcoin, it wasn't so obvious, right?

589
00:37:57,776 --> 00:38:00,236
That how the word is so rigged.

590
00:38:01,201 --> 00:38:01,561
No.

591
00:38:01,561 --> 00:38:06,421
And, uh, Bitcoin, uh, led me down the Aus Economics Rabbit Hole, which I think

592
00:38:06,421 --> 00:38:11,911
is like just as, as big of a revealing thing be because it feels like when,

593
00:38:11,911 --> 00:38:15,901
when you're, when you're looking at the world through a Bitcoin lens, when

594
00:38:15,901 --> 00:38:20,311
you know that all prices should go down over time, and the only reason that they

595
00:38:20,311 --> 00:38:25,111
don't is because people is printing money that you see all the other problems of

596
00:38:25,111 --> 00:38:29,911
where they come from and how political interventionism is always the problem.

597
00:38:29,911 --> 00:38:32,701
And it, it's, it's like having truth goggles.

598
00:38:32,701 --> 00:38:37,681
You know, that, uh, old young Carpenter movie, uh, they live where you watches

599
00:38:37,681 --> 00:38:41,341
the world normally and then through the glasses and it's completely

600
00:38:41,341 --> 00:38:44,881
different, and he can just see the truth in everything and that that's.

601
00:38:45,476 --> 00:38:48,536
That's the type of glasses that Bitcoin provides you with.

602
00:38:49,452 --> 00:38:50,322
Hello there, fellow Coiner.

603
00:38:50,862 --> 00:38:52,962
Take your coins off the exchange.

604
00:38:53,052 --> 00:38:55,902
Right now you need to take self custody of your coins.

605
00:38:55,902 --> 00:38:56,682
Now how do you do that?

606
00:38:56,862 --> 00:39:01,602
First of all, you need a good hardware wallet and I would recommend the bit box.

607
00:39:01,692 --> 00:39:03,612
So go to bit box Swish.

608
00:39:03,672 --> 00:39:06,312
No, not Swish Swiss bit Box.

609
00:39:06,312 --> 00:39:06,792
Do Swiss.

610
00:39:07,342 --> 00:39:10,252
Slash Infiniti and get your base box now with a discount.

611
00:39:10,522 --> 00:39:13,162
Also, you need somewhere to store your seed phrase.

612
00:39:13,282 --> 00:39:18,382
Uh, so why not get one of those wonderful steel seed plate storage thingies from

613
00:39:18,412 --> 00:39:23,152
stamp seed.com/infiniti and you can get the everything divided seed plate.

614
00:39:23,152 --> 00:39:23,872
It's beautiful.

615
00:39:23,932 --> 00:39:28,702
Also, if you are advanced and if you want, uh, to start with generational

616
00:39:28,702 --> 00:39:32,512
welling, which is a fun hobby I have, you can go to the bitcoin advisor.

617
00:39:32,952 --> 00:39:38,682
A group of lovely fellows from down under that can help you store your Bitcoin for

618
00:39:38,682 --> 00:39:41,262
a long time using Multisig solutions.

619
00:39:41,382 --> 00:39:48,582
So check out pit box stamp seed and the Bitcoin advisor or GFY back to the show.

620
00:39:49,666 --> 00:39:51,286
so, uh, yes.

621
00:39:51,286 --> 00:39:56,566
And I, I know you like the philosophical side of Bitcoin as much as I do

622
00:39:56,566 --> 00:40:02,236
and, and know that this is, uh, uh, it's much more than, uh, you

623
00:40:02,236 --> 00:40:03,856
know, number go up technology.

624
00:40:04,216 --> 00:40:07,246
It's, it's, everything else go up too.

625
00:40:07,246 --> 00:40:11,716
Like, in, in your life, uh, you, you learn to become more responsible.

626
00:40:11,716 --> 00:40:18,856
And, uh, with, with great freedoms comes great responsibility as, uh, Spider-Man's

627
00:40:18,856 --> 00:40:23,476
uncle once said, uh, in Bitcoin, we have Uncle Rockstar to tell us those things.

628
00:40:23,686 --> 00:40:25,126
But, uh, uh, yeah.

629
00:40:25,126 --> 00:40:28,456
What, what, what are your, what are your thoughts on, on, uh, how

630
00:40:28,456 --> 00:40:33,676
Bitcoin changes people and more, more than just providing truth goggles?

631
00:40:34,246 --> 00:40:34,816
Yeah.

632
00:40:34,876 --> 00:40:41,626
Um, you know, I think that we are coming to, to a age where people need to

633
00:40:41,626 --> 00:40:47,206
take responsibility to their own hands because, uh, without money printer,

634
00:40:47,536 --> 00:40:50,116
the socialism will be not possible.

635
00:40:50,596 --> 00:40:57,076
Uh, and people will have very hard time without being very productive

636
00:40:57,196 --> 00:41:04,066
and taking care about yourself, about, uh, your own, own future.

637
00:41:04,396 --> 00:41:12,586
So I think that we are shifting to the time when the responsibility of, uh, of,

638
00:41:12,646 --> 00:41:19,816
of one needs to really, uh, be the on the forefront of everyone's thinking.

639
00:41:20,326 --> 00:41:21,616
And Bitcoin teaches you that.

640
00:41:22,846 --> 00:41:29,866
Um, also Bitcoin, uh, kind of rediscover values, which were kind

641
00:41:29,866 --> 00:41:32,506
of lost in, in last two generations.

642
00:41:32,926 --> 00:41:42,376
So, um, I like the philosophy, uh, about Bitcoin and I'm just, I

643
00:41:42,376 --> 00:41:46,306
dunno where to start because the topic is so, uh, so interesting.

644
00:41:46,306 --> 00:41:51,166
But, like, it, it's been, it's been kind of, um, decimating in my mind

645
00:41:51,166 --> 00:41:57,556
for, for several years and I think I really, I really get it and, um, I

646
00:41:57,556 --> 00:42:02,986
developed my own kind of, uh, philosophy around this, and I call it level up.

647
00:42:03,646 --> 00:42:08,806
I, I, I came with this, uh, last year for BTC Prague because I wanted to

648
00:42:08,806 --> 00:42:12,586
encourage people to be better because I

649
00:42:12,876 --> 00:42:14,586
It was the theme of the conference,

650
00:42:14,941 --> 00:42:19,261
Yes, it was a theme of the conference to level up because I think that

651
00:42:19,261 --> 00:42:21,151
you should never stop learning.

652
00:42:21,691 --> 00:42:28,261
I think that being a mediocre is the worst thing, what you can do if you just stop,

653
00:42:28,261 --> 00:42:31,321
if you start feeling, uh, convenient.

654
00:42:31,951 --> 00:42:37,771
Uh, I think this is the, this is the start of, uh, of like decade.

655
00:42:38,461 --> 00:42:45,961
And with this, I, I was thinking that I, I want to really encourage people to,

656
00:42:45,991 --> 00:42:51,481
because I was, I was looking at myself, uh, when I was, uh, really new in Bitcoin.

657
00:42:51,811 --> 00:42:56,401
I was listening like seven hours of podcasts per day on speed,

658
00:42:56,401 --> 00:43:01,921
1.1 0.6, and I was reading, uh, two, three books per month.

659
00:43:02,491 --> 00:43:05,101
I was just swallowing it extremely.

660
00:43:05,491 --> 00:43:09,421
And then I found myself in a position when I, I felt confident

661
00:43:09,421 --> 00:43:11,941
then I know quite a, quite a lot.

662
00:43:12,271 --> 00:43:13,111
It was nothing.

663
00:43:13,111 --> 00:43:16,201
But I felt, I felt like I, I know something about Bitcoin.

664
00:43:16,531 --> 00:43:21,361
I went through this, uh, sheet coin interface and, uh, I start stacking.

665
00:43:21,361 --> 00:43:25,741
I, I did all the things what are, like, recommended for being a Bitcoin,

666
00:43:26,611 --> 00:43:32,011
and I recognized that I kind of stuck in the, uh, and I stopped learning.

667
00:43:32,551 --> 00:43:32,971
Yeah.

668
00:43:33,511 --> 00:43:40,051
So I kind of pushed myself to run the notes and, uh, try multisignature

669
00:43:40,111 --> 00:43:42,121
and do this more advanced stuff.

670
00:43:42,571 --> 00:43:44,491
And then I felt great again.

671
00:43:44,941 --> 00:43:51,121
So I wanted to, uh, encourage people, our attendees at BTC Prac to do the same.

672
00:43:51,421 --> 00:43:56,761
Never stop really, uh, like put it in your calendar and do some,

673
00:43:56,851 --> 00:43:59,611
uh, interesting and advance.

674
00:44:00,166 --> 00:44:05,836
Think around Bitcoin every week, just grow, grow, grow, never stop.

675
00:44:06,226 --> 00:44:11,026
And uh, and this was just the beginning of the idea, but then I, I kind of

676
00:44:11,026 --> 00:44:17,176
connected it with the Malow pyramid of needs, which, uh, which, uh,

677
00:44:17,176 --> 00:44:19,546
says that you have different levels.

678
00:44:19,576 --> 00:44:24,436
The first is, uh, is basic needs, uh, like, uh, like having

679
00:44:24,436 --> 00:44:26,476
a full stomach and being warm.

680
00:44:26,746 --> 00:44:32,326
The second one, I think is a friendship and, and, uh, and, and love.

681
00:44:32,806 --> 00:44:36,976
The third one is, uh, self fulfillment.

682
00:44:37,066 --> 00:44:39,166
Something what you, what you do.

683
00:44:39,466 --> 00:44:41,356
Um, and, and you feel very good.

684
00:44:41,981 --> 00:44:45,256
And, and, uh, and I think the fourth level, or, or maybe is the,

685
00:44:45,526 --> 00:44:47,056
the last one is enlightenment.

686
00:44:48,571 --> 00:44:54,811
And I think that Bitcoin gives you opportunity to very quickly

687
00:44:54,991 --> 00:44:57,661
skip the first two levels.

688
00:44:57,751 --> 00:45:03,511
Uh, because, because, um, it wasn't very easy before with, with fiat

689
00:45:03,511 --> 00:45:08,311
because you, you just had to spend a lot of time working, working, working.

690
00:45:08,731 --> 00:45:13,741
And most of the people don't like their daily job, so they never get to the

691
00:45:13,741 --> 00:45:15,931
third level, which is self-fulfillment.

692
00:45:16,531 --> 00:45:22,621
But with Bitcoin you can actually, uh, do whatever is needed and you

693
00:45:22,621 --> 00:45:25,411
get the self-fulfillment in Bitcoin.

694
00:45:26,071 --> 00:45:28,891
So you are, you are getting the third level, which was

695
00:45:28,891 --> 00:45:30,691
very difficult to get before.

696
00:45:31,021 --> 00:45:35,911
And that's why I call it level Up technology because it really, it really

697
00:45:35,911 --> 00:45:43,531
gets you to the point where you wouldn't, uh, be able to get, uh, without it because

698
00:45:43,531 --> 00:45:49,171
it's just the technology is so powerful that it, uh, it lifts you up, it elevates

699
00:45:49,171 --> 00:45:54,421
you to different levels, and you can't really imagine where it will get you

700
00:45:54,421 --> 00:46:01,351
in few years and it teach you lessons, which would you never, uh, even imagine

701
00:46:01,411 --> 00:46:03,691
you would, you would learn on the way.

702
00:46:04,861 --> 00:46:05,551
Yeah, absolutely.

703
00:46:05,941 --> 00:46:10,021
And, uh, I remember that this was in your talk in Buenos Aires.

704
00:46:10,021 --> 00:46:13,471
We, we spent some time together in Buenos Aires and got to know each other a little

705
00:46:13,471 --> 00:46:15,961
better and had some great stake in stuff.

706
00:46:16,141 --> 00:46:17,731
Uh, so, so that was great.

707
00:46:17,731 --> 00:46:19,261
It resonated very well with me.

708
00:46:19,261 --> 00:46:24,481
Like, uh, I really liked this, uh, Maslows, uh, uh, hierarchy of needs

709
00:46:24,481 --> 00:46:28,261
and, and level up thought and what you said in the beginning that like, uh,

710
00:46:28,561 --> 00:46:32,851
you, it, it ties together with like the, the thing I view as the, like the

711
00:46:32,851 --> 00:46:35,581
only threat to Bitcoin is complacency.

712
00:46:35,911 --> 00:46:36,811
Like people.

713
00:46:37,666 --> 00:46:38,926
Not caring anymore.

714
00:46:39,196 --> 00:46:43,486
That's, that's, uh, how we can't resist the next attack.

715
00:46:43,516 --> 00:46:46,576
Like, we need to stay vigilant, stay updated, and stay hungry

716
00:46:46,966 --> 00:46:48,016
for this thing to work.

717
00:46:48,166 --> 00:46:51,136
So that's, that's the funny thing about it, is like, it's the most

718
00:46:51,136 --> 00:46:55,786
robust thing ever, but it's robustness is totally depend, dependent

719
00:46:55,846 --> 00:46:58,996
on us being robust as people.

720
00:46:59,326 --> 00:47:02,896
Uh, so, so it's robust and fragile at the same time, but I, I would

721
00:47:02,896 --> 00:47:04,396
still say it's super robust.

722
00:47:04,756 --> 00:47:05,236
Uh.

723
00:47:07,741 --> 00:47:12,541
Uh, some people say that Bitcoin, uh, should, ossify, should or should

724
00:47:12,541 --> 00:47:16,411
not ossify, but I, I, I find that funny because there, there would

725
00:47:16,411 --> 00:47:20,641
be no way to tell if it had, like, you can never know if Bitcoin is

726
00:47:20,641 --> 00:47:22,081
going to change in the future.

727
00:47:22,411 --> 00:47:26,401
Like the, you can tell that the likelihood that it will, will go down over time

728
00:47:26,401 --> 00:47:27,961
as more and more people come on board.

729
00:47:28,111 --> 00:47:33,421
But there's no way to actually objectively say that now it has, uh, ossified and

730
00:47:33,421 --> 00:47:37,201
at some point we might find a critical bug or something that needs to be

731
00:47:37,201 --> 00:47:42,121
done that requires us to take action and change the software in our nodes.

732
00:47:42,451 --> 00:47:47,731
And, uh, if we don't do that, we might be, uh, that might be dangerous.

733
00:47:47,731 --> 00:47:52,981
So, so that's why I say that complacency is the only, uh, enemy that Bitcoin has.

734
00:47:53,161 --> 00:47:56,251
Uh, we need to stay vigilant and do, do our part.

735
00:47:56,961 --> 00:47:58,516
Yeah, yeah, yeah, yeah.

736
00:47:58,516 --> 00:48:03,856
And, uh, you know, it's, it's, uh, way over my pay grade to see, uh.

737
00:48:04,306 --> 00:48:08,086
If there are some, some bugs in the code.

738
00:48:08,086 --> 00:48:15,886
So I'm, I'm very happy that we have, uh, an army of developers, uh, and smart, uh,

739
00:48:16,006 --> 00:48:23,416
huge brains who are watching Bitcoin every day because in it's an open source system.

740
00:48:24,046 --> 00:48:28,996
It's, it is without, without this open source, uh, technology, it

741
00:48:28,996 --> 00:48:30,766
wouldn't be, it wouldn't be possible.

742
00:48:30,766 --> 00:48:35,026
And that's, that's just another, another, uh, beautifully done

743
00:48:35,146 --> 00:48:36,946
design from sat nakamoto.

744
00:48:37,576 --> 00:48:42,976
It's, it's almost like, it, it, it came from, from another planet that

745
00:48:42,976 --> 00:48:47,986
it wouldn't, it, it, it's, it's so beautifully done and designed and

746
00:48:47,986 --> 00:48:51,976
everything is thinking through, but still it's under the development.

747
00:48:52,336 --> 00:48:53,236
Um, yeah.

748
00:48:53,236 --> 00:48:55,756
It, it, it just, it just boils my brain.

749
00:48:55,756 --> 00:48:59,686
And I, I, I love to think about it, uh, every day.

750
00:49:01,051 --> 00:49:01,981
Yeah, same here.

751
00:49:01,981 --> 00:49:05,791
As you know, and, and, uh, I think what we're doing is like, we're,

752
00:49:05,791 --> 00:49:09,601
we're, we're just being part of the division of labor here.

753
00:49:09,811 --> 00:49:14,161
There are plenty of technical, uh, introverted people that want

754
00:49:14,161 --> 00:49:16,831
to sit there and, and, uh, uh.

755
00:49:17,446 --> 00:49:20,806
Verify everything for themselves and be vigilant in that sense.

756
00:49:20,986 --> 00:49:27,586
But I think my time is better spent, uh, you know, conviction deepening Bitcoiners.

757
00:49:27,946 --> 00:49:31,456
Uh, some other guy might be better at orange Peel than I am, but I think

758
00:49:31,456 --> 00:49:36,016
I'm pretty good at, at writing stuff that deepens people's conviction.

759
00:49:36,316 --> 00:49:40,246
Your time is probably better spent, spent organizing the conference and

760
00:49:40,246 --> 00:49:44,446
making the, making sure that people connect with one another to make

761
00:49:44,446 --> 00:49:49,846
these, uh, great connections and business, uh, relationships happen.

762
00:49:49,876 --> 00:49:52,996
Which is like what, what a conference is really for.

763
00:49:52,996 --> 00:50:00,789
It it, it, it's like, uh, it like, Helps, helps the whole ecosystem, uh, grow,

764
00:50:00,879 --> 00:50:07,209
um, and more connections to be found, uh, that, that cannot be found online,

765
00:50:07,209 --> 00:50:08,889
but we need to do them in real life.

766
00:50:08,949 --> 00:50:14,799
So, so I view it as, when I say I'm doing my part, I don't necessarily

767
00:50:14,799 --> 00:50:18,849
mean like checking, verifying everything on this in the chain.

768
00:50:18,849 --> 00:50:24,999
I'm, I'm finding my position in the ecosystem, and I mean, if you have Bitcoin

769
00:50:25,059 --> 00:50:29,739
and if you use them, if you accept Bitcoin for your goods and services, regardless

770
00:50:29,739 --> 00:50:33,219
of what those goods and services are, you're already doing your part.

771
00:50:33,249 --> 00:50:34,749
That's, that's the way I view it.

772
00:50:35,169 --> 00:50:38,709
Uh, that's the most crucial thing except Bitcoin because no

773
00:50:38,709 --> 00:50:39,999
one can do anything about that.

774
00:50:42,094 --> 00:50:42,844
Yep, yep.

775
00:50:42,874 --> 00:50:43,774
I agree with you.

776
00:50:43,834 --> 00:50:46,024
Everyone can do his own part.

777
00:50:46,084 --> 00:50:49,684
Just think what you are good and apply a Bitcoin on it.

778
00:50:50,639 --> 00:50:52,709
uh, let's go into B2C prog a bit more.

779
00:50:52,709 --> 00:50:56,399
Can you tell me a bit more about, uh, B2C prog this year?

780
00:50:56,699 --> 00:51:02,399
Do you have, uh, uh, like, uh, level up was, uh, last year's catchphrase?

781
00:51:02,399 --> 00:51:04,079
Is there catchphrase for this year?

782
00:51:04,139 --> 00:51:06,839
And, uh, what can you tell me about the content?

783
00:51:06,839 --> 00:51:10,499
How does this year's, uh, B2C product differ from previous years?

784
00:51:10,499 --> 00:51:10,919
Mm-hmm.

785
00:51:11,564 --> 00:51:12,014
Yeah.

786
00:51:12,014 --> 00:51:17,144
Um, so this year is about legitimization.

787
00:51:17,234 --> 00:51:20,174
It's, we think that.

788
00:51:21,104 --> 00:51:29,804
Really, it's about, uh, discovering what is new in Bitcoin and how to leverage

789
00:51:30,224 --> 00:51:32,894
this for upcoming, upcoming years.

790
00:51:32,894 --> 00:51:36,644
How to position yourself in, in upcoming bull market.

791
00:51:37,184 --> 00:51:43,364
And pretty much how to use the technology to empower yourself as an individual,

792
00:51:43,364 --> 00:51:46,334
but also as a sovereign family.

793
00:51:46,724 --> 00:51:51,824
'cause I really, uh, I like the, I like the, um, the, the motto likes, I love

794
00:51:51,824 --> 00:51:56,414
the book Sovereign individual, but I think that the, the smallest part is

795
00:51:56,414 --> 00:51:58,334
not individual, but it's a family.

796
00:51:59,234 --> 00:52:03,374
The, the smallest unit should be a family, and I really think that this

797
00:52:03,374 --> 00:52:05,024
resonates very well with Bitcoiners.

798
00:52:06,179 --> 00:52:12,629
And that's, that's why we, we, we kind of will explore this more cultural,

799
00:52:12,659 --> 00:52:15,479
uh, things also during BTC Prague.

800
00:52:16,019 --> 00:52:22,379
And just to maybe summarize it, summarize the umbrella, uh, umbrella term and, and

801
00:52:22,379 --> 00:52:24,449
to give you more idea, what does it mean?

802
00:52:24,449 --> 00:52:28,619
It, it pretty much means that we are lowering the bar.

803
00:52:29,009 --> 00:52:33,179
Uh, it's not gonna be so hardcore like last year, especially the business

804
00:52:33,179 --> 00:52:38,279
day of the conference, because we are expecting many newcomers.

805
00:52:38,684 --> 00:52:42,704
From the traditional world who are coming for the money part of the

806
00:52:42,704 --> 00:52:47,084
movement, and we want to give them the things what they, they come for.

807
00:52:47,504 --> 00:52:51,734
If you are a seasonal Bitcoin, you will still get some nuggets.

808
00:52:51,884 --> 00:52:57,764
Gold, gold and, and diamonds, which will be thrown, uh, away by every

809
00:52:57,764 --> 00:53:02,984
speaker because, um, when I talk to speakers, I encourage them to come

810
00:53:02,984 --> 00:53:10,394
up with some actionability and some, um, some, uh, maybe a prediction,

811
00:53:10,514 --> 00:53:13,694
how to position for upcoming years.

812
00:53:14,144 --> 00:53:20,984
Uh, it's the every talk supposed to be interesting, but also actionable so

813
00:53:20,984 --> 00:53:28,784
you can really take it Hmm, and start using the very, uh, very same day.

814
00:53:29,519 --> 00:53:33,869
Other than that, the, the, the conference will be held at the same place.

815
00:53:33,869 --> 00:53:35,309
It's a huge area.

816
00:53:35,774 --> 00:53:38,429
It, it can take up to 10,000 people.

817
00:53:38,459 --> 00:53:43,739
So we think that this, this year we will be absolutely full and, and, and sold out.

818
00:53:44,159 --> 00:53:49,499
There will be 200, uh, plus speakers from, uh, Michael Sailor

819
00:53:49,499 --> 00:53:51,299
is coming for a third time in a row.

820
00:53:51,779 --> 00:53:55,979
We will have, uh, sedine, ammos, um, uh, Larry Leopard,

821
00:53:56,519 --> 00:54:01,349
um, uh, Alex Ky Nu with Luke.

822
00:54:01,739 --> 00:54:06,689
Um, uh, uh, or from, from the new names, uh, James Lavish.

823
00:54:07,229 --> 00:54:11,399
Um, uh, let me open, let me open the webpage here.

824
00:54:11,639 --> 00:54:13,049
You can, you can look at it.

825
00:54:13,139 --> 00:54:13,829
Uh, Eric.

826
00:54:13,829 --> 00:54:20,729
Similar, um, the, the, from the similar scientific, uh, the few other big guys

827
00:54:20,729 --> 00:54:23,219
from, uh, from the corporate world, E Eve.

828
00:54:24,869 --> 00:54:25,619
Um.

829
00:54:26,819 --> 00:54:33,149
Samsung, Mao, uh, Charles ghi, uh, from from Ledger, Peter to Stefan,

830
00:54:33,149 --> 00:54:39,299
Vera, Marty Mame, John Carvalho, all the big names which are important,

831
00:54:39,389 --> 00:54:41,519
uh, in a Bitcoin ecosystem.

832
00:54:41,669 --> 00:54:46,229
And I think the very interesting news for the program, for the main

833
00:54:46,229 --> 00:54:51,149
stage is that we are coming with new format, which is Oxford style debates.

834
00:54:51,809 --> 00:54:55,589
We haven't been doing this, but this is something very fresh and I'm

835
00:54:55,589 --> 00:55:01,919
personally very much looking forward to see two people on one side, uh,

836
00:55:02,009 --> 00:55:08,009
fighting, arguing with two, two people on the second side with one moderator.

837
00:55:08,444 --> 00:55:14,444
And they both have a very certain and precise time to lay down the arguments

838
00:55:14,684 --> 00:55:16,544
and the second side need to defend it.

839
00:55:17,114 --> 00:55:21,044
And I've seen that, uh, life and it's, it's great.

840
00:55:21,074 --> 00:55:23,444
It's, it's very entertaining.

841
00:55:23,444 --> 00:55:28,664
But at the same time, because it's fair, it's, it's also educational.

842
00:55:28,694 --> 00:55:33,074
It's like the, uh, it's, it is like the panel discussion for adults.

843
00:55:33,914 --> 00:55:39,944
So we will have those, um, those discussions, those, those debates during

844
00:55:39,944 --> 00:55:42,224
BTC brac, but only on the main stage.

845
00:55:42,224 --> 00:55:48,614
So it's worth to spending some sets, um, to, to be there with, with others, to feel

846
00:55:48,614 --> 00:55:54,254
the energy, to be very close, um, to the speakers and to use the opportunity to

847
00:55:54,254 --> 00:56:00,524
meet them in the, in the main conference hall to, uh, to greet them after the

848
00:56:00,524 --> 00:56:03,314
talk and ask them additional questions.

849
00:56:03,314 --> 00:56:07,064
Because that's how, how, how you get most of it right after the

850
00:56:07,514 --> 00:56:12,254
call, right after the talk, go and meet them and ask them something.

851
00:56:12,254 --> 00:56:18,404
And most of the speakers are very happy to, to talk and to expand, uh, the,

852
00:56:18,464 --> 00:56:22,094
just the, the short period of time, what they have on the main stage.

853
00:56:23,624 --> 00:56:27,014
It sounds fantastic, and I love those Oxford style debates.

854
00:56:27,164 --> 00:56:31,754
One of my favorites, like from a decade back is Stephen Fry and the

855
00:56:31,754 --> 00:56:36,254
Christopher Hitchens debating to religious people if, if the Catholic

856
00:56:36,254 --> 00:56:38,324
church is a, is a force for good or not.

857
00:56:38,324 --> 00:56:40,504
I. Uh, that was a great debate.

858
00:56:40,834 --> 00:56:44,464
Uh, so, so looking forward to that A lot.

859
00:56:44,494 --> 00:56:46,714
You mentioned Safe, Idina Mo and Larry Lahar.

860
00:56:47,104 --> 00:56:52,804
I mean, we will have a book corner, uh, which Luke and I are running a

861
00:56:52,804 --> 00:56:55,984
booth there, and I, I believe Safe Iin is running the other booth.

862
00:56:55,984 --> 00:57:01,624
And there's like, uh, uh, a little book signing, uh, corner where we, we'll

863
00:57:01,714 --> 00:57:03,634
both have sessions, signing books.

864
00:57:03,904 --> 00:57:09,034
Larry Lepard Will will have his book, uh, uh, in our booth and plenty of other

865
00:57:09,034 --> 00:57:15,484
authors too, uh, including a handful of check authors, uh, local authors, and, uh.

866
00:57:16,124 --> 00:57:17,714
Other, other people too.

867
00:57:17,954 --> 00:57:20,399
So, uh, so looking forward to that a lot.

868
00:57:20,564 --> 00:57:22,274
Uh, there's a lot going on.

869
00:57:22,634 --> 00:57:27,104
Uh, we will also, you mentioned Marty Maldi and Sam Mo, which are, I know,

870
00:57:27,164 --> 00:57:31,544
uh, from, um, I heard through the grapevine that they are musicians and

871
00:57:31,544 --> 00:57:35,054
that, uh, which I happen to be too, and that we might do something together.

872
00:57:35,054 --> 00:57:37,964
So we'll, we'll see what that ends up being.

873
00:57:38,024 --> 00:57:41,504
But, uh, as always, I look forward to Prague a lot.

874
00:57:41,984 --> 00:57:48,224
Uh, it's, it's just a great conference and a great city and, uh, this year I'm

875
00:57:48,224 --> 00:57:53,204
bringing my family, so like, I'm looking forward to, to, to showing them, uh, the

876
00:57:53,204 --> 00:57:55,184
city and the conference and everything.

877
00:57:55,304 --> 00:57:56,489
Uh, it's gonna be great.

878
00:57:57,044 --> 00:57:57,254
Yeah.

879
00:57:57,254 --> 00:57:58,454
Thank you for your current words.

880
00:57:58,964 --> 00:58:04,004
Uh, yeah, I think I can, uh, I can uh, really agree with you

881
00:58:04,004 --> 00:58:06,044
that Prague is beautiful city.

882
00:58:06,464 --> 00:58:10,874
It's very historical, and for those who didn't see it, it's a great

883
00:58:10,874 --> 00:58:15,104
opportunity to come and extend the state for few more days and

884
00:58:15,104 --> 00:58:17,984
just, just go around the old city.

885
00:58:18,524 --> 00:58:22,274
It's medieval, it's beautiful, it's full of proof of work.

886
00:58:22,694 --> 00:58:25,004
It's, it's absolutely astonishing.

887
00:58:25,184 --> 00:58:29,744
And it's also, Prague is still quite cost effective if you compare with

888
00:58:30,044 --> 00:58:32,324
other big, uh, capitals in Europe.

889
00:58:33,959 --> 00:58:34,349
Yes.

890
00:58:34,409 --> 00:58:42,719
Uh, and I, I mean, it's also serves as a perfect, uh, um, visualizer of like what

891
00:58:42,749 --> 00:58:46,379
the world was like on the gold standard and what it's like on a fiat standard,

892
00:58:46,409 --> 00:58:52,289
because sometimes there's this beautiful 400 year old building right next to a,

893
00:58:52,289 --> 00:58:57,359
a fiat skyscraper that's just but ugly, and you can just see the problem there.

894
00:58:57,419 --> 00:59:03,779
Uh, and, uh, no, it's, it's, as far as big cities go, uh, uh, progress,

895
00:59:03,839 --> 00:59:10,139
uh, definitely a top three big, uh, big city metropolitan, big cities,

896
00:59:10,199 --> 00:59:11,579
uh, in the world that I like.

897
00:59:11,579 --> 00:59:14,099
So, so if you haven't been, you should absolutely go.

898
00:59:14,159 --> 00:59:17,909
And by the way, the beer is just next level.

899
00:59:18,029 --> 00:59:19,559
It's better than anywhere else on earth.

900
00:59:19,739 --> 00:59:21,299
Like no question about it.

901
00:59:21,738 --> 00:59:25,008
Yeah, we, we are in the middle of the Europe, so we have, we have

902
00:59:25,008 --> 00:59:29,088
great beer, but we have also great wine and great heart, spirit.

903
00:59:29,208 --> 00:59:34,398
We have everything what you can imagine from the good mix of, of Europe.

904
00:59:35,673 --> 00:59:38,733
Yeah, and you have deaf administration, which we alluded to here in the

905
00:59:38,823 --> 00:59:42,453
beginning, which is, uh, and we can reveal what it is now after

906
00:59:42,453 --> 00:59:44,853
the show has, uh, an hour in here.

907
00:59:45,573 --> 00:59:48,603
Uh, and it's basically it's throwing bureaucrats and

908
00:59:48,603 --> 00:59:50,253
politicians out the windows, right?

909
00:59:50,598 --> 00:59:51,348
Yes, yes.

910
00:59:51,348 --> 01:00:00,738
It's an act of, um, of, uh, of throwing out, um, the, the leaders of parliament

911
01:00:00,738 --> 01:00:06,198
or let's say in, in, in and of some, uh, yeah, bureaucrats from the windows.

912
01:00:06,498 --> 01:00:10,728
It happened three times in Czech Republic in past, oof.

913
01:00:10,848 --> 01:00:12,648
600 years I would say.

914
01:00:13,368 --> 01:00:16,248
So we are waiting for another one.

915
01:00:16,816 --> 01:00:20,471
Yeah, and if you want to know more about that and more about the history

916
01:00:20,471 --> 01:00:23,831
of Frog, you should check out our interview with your brother Martin.

917
01:00:24,161 --> 01:00:29,741
Uh, which we did, uh, maybe six months back or something, uh, if I recall

918
01:00:29,981 --> 01:00:31,601
I think it was even more

919
01:00:31,811 --> 01:00:33,581
Even more, maybe nine months or something.

920
01:00:33,581 --> 01:00:33,791
Yeah.

921
01:00:33,881 --> 01:00:38,111
uh, it was sometime before last BTC Pro, if I remember correctly.

922
01:00:38,111 --> 01:00:38,981
So it's almost a

923
01:00:39,071 --> 01:00:39,701
Oh yeah, yeah.

924
01:00:39,701 --> 01:00:40,721
Almost a year now.

925
01:00:40,721 --> 01:00:40,931
Yeah.

926
01:00:40,931 --> 01:00:41,231
Yeah.

927
01:00:41,396 --> 01:00:46,376
but for those who are curious, for those who are curious about the check history

928
01:00:46,376 --> 01:00:53,366
and how it kind of fits, uh, and connect with Bitcoin, we have published, um, a

929
01:00:53,366 --> 01:00:59,216
Freedom ebook, uh, which is, uh, which is free to download on our webpage,

930
01:00:59,216 --> 01:01:01,106
and you can find a link on our Twitter.

931
01:01:01,466 --> 01:01:07,256
And it's, it's quite interesting and, uh, short read and it, it gets you

932
01:01:07,256 --> 01:01:13,166
through this like history, um, through these deaf administrations and, uh,

933
01:01:13,166 --> 01:01:19,916
and some Sids wars up to the time when Bitcoin was, um, uh, discovered.

934
01:01:20,606 --> 01:01:24,776
Uh, and, uh, and why the checks have picked up so fast.

935
01:01:25,076 --> 01:01:29,816
And it lead us until the, the time when we are, uh, where we are now.

936
01:01:31,106 --> 01:01:35,216
No, I can, uh, definitely recommend downloading that ebook.

937
01:01:35,276 --> 01:01:39,626
So have I done and I've, uh, uh, read through it and it's, it's

938
01:01:39,626 --> 01:01:42,986
full of great material and it's also very beautifully designed.

939
01:01:42,986 --> 01:01:44,996
So, so I definitely recommend that.

940
01:01:45,506 --> 01:01:50,906
And as we said before, use Code Infinity to, uh, get 10% off your ticket to Prague

941
01:01:51,236 --> 01:01:53,276
and make sure you get your ass over there.

942
01:01:53,276 --> 01:01:54,656
You're not gonna regret it.

943
01:01:55,086 --> 01:01:55,376
Yeah.

944
01:01:55,406 --> 01:01:56,366
it's fantastic.

945
01:01:56,411 --> 01:01:57,641
You're not gonna regret it.

946
01:01:57,896 --> 01:01:59,831
I, I am pretty sure about this.

947
01:01:59,861 --> 01:02:06,641
Um, the satisfaction rate of BTC PRO is, is just, uh, absolutely amazing.

948
01:02:07,211 --> 01:02:13,901
And if you pay with Bitcoin while using the Infinity code, you get another 5% off.

949
01:02:14,291 --> 01:02:19,901
So it's, it's better to just buy Bitcoin and pay with it, um, to, to have a

950
01:02:20,021 --> 01:02:26,771
bigger discount and just come, uh, take your friends, uh, buy the tickets soon

951
01:02:26,771 --> 01:02:31,001
because they are quickly disappearing, especially the, the cheapest one.

952
01:02:31,481 --> 01:02:35,321
And if you bring them there, you can be sure that they will fall

953
01:02:35,321 --> 01:02:39,101
into this rabbit hole because the, the conviction which comes.

954
01:02:39,956 --> 01:02:45,896
We seeing the whole conference, the export and thousands of people, it's,

955
01:02:46,526 --> 01:02:49,406
it's unmatchable, it, it just clicks.

956
01:02:49,766 --> 01:02:54,356
So if you have problem to convince someone, um, maybe this is the time

957
01:02:54,356 --> 01:02:59,036
to seduce them for a trip to Prague and, and just bring them for one

958
01:02:59,036 --> 01:03:04,496
day, for Saturday to, to this event and, and your, your work is done.

959
01:03:06,196 --> 01:03:07,016
Now, uh, yeah.

960
01:03:07,226 --> 01:03:07,936
Great tip.

961
01:03:08,916 --> 01:03:11,131
So, so where, what's the website?

962
01:03:11,131 --> 01:03:11,496
This BT.

963
01:03:11,551 --> 01:03:13,471
C prague.com, right?

964
01:03:13,811 --> 01:03:16,871
Yes, the website is btc product.com.

965
01:03:17,291 --> 01:03:22,841
We have also site event, uh, uh, dev Hack Day, which you

966
01:03:22,841 --> 01:03:24,821
can find on our main webpage.

967
01:03:24,851 --> 01:03:29,351
If you are, if you are, uh, really interested about the edge of the

968
01:03:29,351 --> 01:03:34,841
technology, you should apply for this one day conference before BTC product.

969
01:03:34,841 --> 01:03:40,511
So it's 18th of June and if you are really into big money and corporate

970
01:03:40,511 --> 01:03:46,001
word, we have just launched our BCD, which is Bitcoin Corporate Day.

971
01:03:46,301 --> 01:03:52,301
And there's just one day site event, uh, for selected 210 individuals.

972
01:03:52,781 --> 01:03:57,731
And this is just a topnotch networking during BTC product.

973
01:03:57,731 --> 01:04:01,331
So you can also check that out, bitcoin corporate day.com.

974
01:04:02,311 --> 01:04:04,171
Which day is the Bitcoin Corporate day?

975
01:04:04,456 --> 01:04:09,341
It is, it's on Friday, it's 20th of June, so that means that you just

976
01:04:09,341 --> 01:04:15,161
skip one day from BTC proc and you spend the day in a different venue.

977
01:04:15,221 --> 01:04:20,861
Um, but you, you can, you can still, uh, meet others during the evening.

978
01:04:22,421 --> 01:04:22,781
All right.

979
01:04:22,781 --> 01:04:23,741
That sounds awesome.

980
01:04:23,801 --> 01:04:27,911
And, uh, yeah, I, I guess B2C prog will return next year as well.

981
01:04:28,181 --> 01:04:28,691
Uh.

982
01:04:28,841 --> 01:04:29,651
yeah, for sure.

983
01:04:29,651 --> 01:04:32,111
It's, uh, it's, it's a tradition.

984
01:04:32,171 --> 01:04:34,511
I don't see why we should stop it.

985
01:04:34,571 --> 01:04:35,231
Everyone.

986
01:04:35,231 --> 01:04:36,161
Everyone's love it.

987
01:04:36,251 --> 01:04:38,531
Uh, we really like to organize it.

988
01:04:38,591 --> 01:04:39,731
It's a lot of fun.

989
01:04:40,241 --> 01:04:47,051
And, and we have some, some other, other plans for future, but maybe we will

990
01:04:47,051 --> 01:04:49,751
just keep this for, for our next time.

991
01:04:50,596 --> 01:04:54,551
Yes, I may or may know, uh, something about this, but if I say

992
01:04:54,551 --> 01:04:56,351
anything, you will have to kill me.

993
01:04:56,681 --> 01:04:59,111
So, so I'll, I'll avoid that for now.

994
01:04:59,231 --> 01:05:01,121
Uh, but there is more to come.

995
01:05:01,361 --> 01:05:02,111
Be sure of that.

996
01:05:02,501 --> 01:05:06,401
Uh, so where can people find you on online, Mathias?

997
01:05:06,731 --> 01:05:07,901
Like what's your

998
01:05:08,636 --> 01:05:11,216
So, yeah, I'm on Twitter.

999
01:05:11,216 --> 01:05:14,396
I think if you just type my name, uh, you'll find me, or

1000
01:05:14,396 --> 01:05:16,706
the handle is Mathias 44 Cook.

1001
01:05:17,576 --> 01:05:21,146
Um, I'm on, I'm on Twitter, I'm on LinkedIn.

1002
01:05:21,206 --> 01:05:26,666
Um, if you, if you want to reach out with any proposal or some recommendation,

1003
01:05:27,056 --> 01:05:32,396
uh, for a program, please send an email to hello@btcproduct.com.

1004
01:05:32,696 --> 01:05:38,726
It'll get to me and I will be happy to, uh, to chat and, and, and to answer.

1005
01:05:40,536 --> 01:05:41,146
Fantastic.

1006
01:05:41,426 --> 01:05:45,986
So thank you very much for coming onto the show and, uh, uh, looking

1007
01:05:45,986 --> 01:05:47,876
forward a lot to B2C Prague.

1008
01:05:48,206 --> 01:05:53,096
Uh, looking forward to seeing both you and Martin there and, and having tons of fun.

1009
01:05:53,126 --> 01:05:55,556
So, till then, take care.

1010
01:05:56,016 --> 01:05:57,311
Thank bye.

1011
01:05:58,586 --> 01:06:00,956
This has been the Bitcoin Infinity Show.

1012
01:06:01,346 --> 01:06:02,276
Thanks for listening.