1
00:00:00,000 --> 00:00:09,060
Closed source, proprietary, highly regulated moats are not the way Bitcoin succeeds long

2
00:00:09,060 --> 00:00:10,680
term for 8 billion people.

3
00:00:11,020 --> 00:00:15,700
Let's continue to bring it back to make this attainable, to run a full node and the importance

4
00:00:15,700 --> 00:00:19,860
of that to custody your own Bitcoin and to use Bitcoin the way you want to use it.

5
00:00:19,960 --> 00:00:24,100
I do think there's a convergence happening between Bitcoin, AI, energy.

6
00:00:24,640 --> 00:00:29,900
I want to always make sure there's a conversation happening within open source freedom tech.

7
00:00:30,000 --> 00:00:36,600
The stuff that we're going to build with having Bitcoin as the monetary network in the apps,

8
00:00:36,600 --> 00:00:43,180
the applications, and the tooling that we create is going to be fundamentally so freaking amazing.

9
00:00:45,840 --> 00:00:50,040
One of the things that keeps me up at night is the idea of a critical error with my Bitcoin cold storage.

10
00:00:50,620 --> 00:00:52,060
This is where AnchorWatch comes in.

11
00:00:52,460 --> 00:00:57,020
With AnchorWatch, your Bitcoin is insured with your own A-plus rated Lloyds of London insurance policy,

12
00:00:57,020 --> 00:01:00,300
and all Bitcoin is held in their time-locked multi-sig vaults.

13
00:01:00,580 --> 00:01:04,500
So you have the peace of mind knowing your Bitcoin is fully insured while not giving up custody.

14
00:01:04,980 --> 00:01:08,500
So whether you're worried about inheritance planning, wrench attacks, natural disasters,

15
00:01:08,660 --> 00:01:11,420
or just your own mistakes, you're fully protected by AnchorWatch.

16
00:01:11,980 --> 00:01:14,700
Rates for fully insured custody start as low as 0.55%

17
00:01:14,700 --> 00:01:18,400
and are available for individual and commercial customers located in the US.

18
00:01:19,000 --> 00:01:23,260
Speak to AnchorWatch today for a quote and for more details about your security options and coverage.

19
00:01:23,260 --> 00:01:25,480
Visit anchorwatch.com today.

20
00:01:25,480 --> 00:01:27,340
That is anchorwatch.com.

21
00:01:27,540 --> 00:01:29,960
Do you wish you could access cash without selling your Bitcoin?

22
00:01:30,580 --> 00:01:31,720
Well, Ledin makes that possible.

23
00:01:32,360 --> 00:01:34,320
Ledin are the global leader in Bitcoin-backed lending,

24
00:01:34,560 --> 00:01:37,440
and since 2018, they've issued over $9 billion in loans

25
00:01:37,440 --> 00:01:39,860
with a perfect record of protecting client assets.

26
00:01:40,480 --> 00:01:43,140
With Ledin, you get full custody loans with no credit checks,

27
00:01:43,280 --> 00:01:45,800
no monthly repayments, just easy access to dollars

28
00:01:45,800 --> 00:01:47,440
without selling a single sat.

29
00:01:48,180 --> 00:01:50,300
As of July 1st, Ledin is Bitcoin only,

30
00:01:50,440 --> 00:01:52,860
meaning they exclusively offer Bitcoin-backed loans

31
00:01:52,860 --> 00:01:55,040
with all collateral held by Ledin directly

32
00:01:55,040 --> 00:01:56,160
or their funding partners.

33
00:01:56,580 --> 00:01:58,640
Your Bitcoin is never lent out to generate interest.

34
00:01:59,080 --> 00:02:00,740
I recently took out a loan with Ledin

35
00:02:00,740 --> 00:02:02,320
and the whole process couldn't have been easier.

36
00:02:02,620 --> 00:02:04,900
It took me less than 15 minutes to go through the application

37
00:02:04,900 --> 00:02:07,340
and in just a few hours I had the dollars in my account.

38
00:02:07,560 --> 00:02:08,460
It was super smooth.

39
00:02:08,860 --> 00:02:11,160
So if you need cash but you don't want to sell Bitcoin,

40
00:02:11,160 --> 00:02:14,080
head over to ledin.io forward slash WBD

41
00:02:14,080 --> 00:02:16,500
and you'll get 25% off your first loan.

42
00:02:16,740 --> 00:02:20,580
That's L-E-D-N dot I-O forward slash WBD.

43
00:02:20,860 --> 00:02:23,600
Bitcoin is absolutely ripping and in every bull market

44
00:02:23,600 --> 00:02:28,720
there's always a new wave of investors and with it a flood of new companies, new products and new promises.

45
00:02:29,280 --> 00:02:32,200
But if you've been around long enough you've seen how this story ends for a lot of them.

46
00:02:32,640 --> 00:02:35,400
Some cut corners, take risks with your money or just disappear.

47
00:02:35,960 --> 00:02:39,340
That's why when it comes to buying Bitcoin the only exchange I recommend is River.

48
00:02:39,780 --> 00:02:45,320
They deeply care about doing things right for their clients and are built to last with security and transparency at their core.

49
00:02:46,020 --> 00:02:49,720
With River you have peace of mind knowing all their Bitcoin is held in multi-sig cold storage

50
00:02:49,720 --> 00:02:53,420
and it's the only Bitcoin only exchange in the US with proof of reserves.

51
00:02:53,600 --> 00:02:58,700
There really is no better place to buy Bitcoin. So to open an account today, head over to river.com

52
00:02:58,700 --> 00:03:05,440
forward slash WBD and earn up to $100 in Bitcoin when you buy. That's river.com forward slash WBD.

53
00:03:05,940 --> 00:03:10,160
Rod Rudy, the de facto mayor of Nashville. Welcome.

54
00:03:11,300 --> 00:03:14,300
Danny, it's a pleasure. It's all mine, man. Thank you so much.

55
00:03:14,820 --> 00:03:19,400
How are things in Nashville? You've been busy. How are things in Nashville and in Austin?

56
00:03:19,400 --> 00:03:38,580
Yeah, both places are great. I mean, the mayor down in Austin, Parker Lewis, is crushing it with ZapRite, and he's doing well. Austin's commute, man, you've been there. The density of developers, engineers, and entrepreneurs is absolutely insane, especially in the Bitcoin space.

57
00:03:38,580 --> 00:03:59,540
Like, I don't want to say they got Nashville on any stretch of the imagination, but in that particular area right now, going there and just being around that high quality of folks, especially the diversity of different industries from obviously AI, but into robotics to Bitcoin to a number of different areas.

58
00:03:59,800 --> 00:04:02,380
They got something special in that regard.

59
00:04:03,380 --> 00:04:06,060
Obviously, for anyone listening, you took over the commons.

60
00:04:06,160 --> 00:04:07,800
It's now Bitcoin Park, Austin.

61
00:04:08,580 --> 00:04:13,040
um parker's obviously working on zap right now he's he's podcasting he's actually crushing that

62
00:04:13,040 --> 00:04:18,580
podcast it's really good killing it give it a shout out to him on his podcast but i i just i

63
00:04:18,580 --> 00:04:24,080
can never figure out who won in that deal whether whether nashville won or austin won uh i think

64
00:04:24,080 --> 00:04:32,800
he did a very good chess move and uh my 4d chess move is gonna make him i'm gonna get it to the

65
00:04:32,800 --> 00:04:37,740
point where he has to actually run for mayor of austin i'm gonna i'm gonna help build up the

66
00:04:37,740 --> 00:04:44,280
Bitcoin community with his help, with Will Cole's help and everybody's help, Ben Karman, everybody.

67
00:04:45,280 --> 00:04:50,720
I mean, we got a Lit Devs on Monday, Tuesdays with Paul Miller and Sahil, the Design Club meetup.

68
00:04:50,800 --> 00:04:55,640
We got the Austin Bitcoin Club meetup Wednesday and then Bit Devs on Thursday. We're going to

69
00:04:55,640 --> 00:05:00,080
continue to support that community to the point where I'm like, all right, Parker, it's time to

70
00:05:00,080 --> 00:05:03,880
run for mayor. He's like, what do you mean? I'm like, no, no, it's like actual time to run for

71
00:05:03,880 --> 00:05:09,740
mayor and you're doing it and he'll be like damn it i'm bullish on on the bitcoiners becoming mayor

72
00:05:09,740 --> 00:05:14,520
we need you as mayor of nashville parker as mayor of austin pete as mayor of bedford that that's how

73
00:05:14,520 --> 00:05:19,560
we change the world pete i think he's gonna do it i think he's gonna actually run i see i thought

74
00:05:19,560 --> 00:05:24,600
for a long time he was um so you've not been on the show as like a solo show before but you had

75
00:05:24,600 --> 00:05:29,180
sort of a cameo in that last episode he did on the old what bitcoin did and pete was talking there

76
00:05:29,180 --> 00:05:32,860
like he was really gonna run and and for a long time i thought he was but i've spoken to him

77
00:05:32,860 --> 00:05:35,980
recently i had him on the show and obviously spoke speak to him privately pretty regularly

78
00:05:35,980 --> 00:05:41,560
um and i think he's feeling pretty bearish on all like he's trying to make so much change

79
00:05:41,560 --> 00:05:45,860
and just coming up against obstacle after obstacle like i wouldn't be surprised if uh

80
00:05:45,860 --> 00:05:51,300
if that is behind him now the idea of actually running for mayor yeah i i don't think it's well

81
00:05:51,300 --> 00:05:55,260
for me speaking me personally i don't think it's ever going to be in the cards for me

82
00:05:55,260 --> 00:06:00,540
but i do think to the point of bitcoiners getting to the point where they are so fed up

83
00:06:00,540 --> 00:06:05,360
i think like a pete or a parker or somebody was just say you know what let me see if i can just

84
00:06:05,360 --> 00:06:10,940
throw my hat in the ring and be the change i want to see yeah well he's kind of i guess pete's doing

85
00:06:10,940 --> 00:06:16,340
that in a different way he's just not doing it in in the uh the traditional like politician route

86
00:06:16,340 --> 00:06:21,100
he's instead just trying to make change with hiring his private security guard having his uh

87
00:06:21,100 --> 00:06:25,640
his little army in bedford and and i like i think he's doing some cool stuff but honestly the uk is

88
00:06:25,640 --> 00:06:31,080
a mess it's uh it was pretty strange hearing him talk like because i i obviously i'm from there

89
00:06:31,080 --> 00:06:36,400
don't live there and have a kind of detached relationship with it but um he's pretty bearish

90
00:06:36,400 --> 00:06:43,140
on the uk yeah yeah you just spent some of that right i did yeah i'll give i like to provide the

91
00:06:43,140 --> 00:06:51,780
positives first before i ever throw any shade i will say the uk they got at least in nashville

92
00:06:51,780 --> 00:06:58,300
in three ways. One, the tube is just the tap to pay on the tube is so easy and you can get around.

93
00:06:58,600 --> 00:07:03,300
It's really spread out, but at least you can get around. Two, their parks for the kids are just

94
00:07:03,300 --> 00:07:09,500
phenomenal. I mean, my kids were wearing out those parks like day in, day out. And they're

95
00:07:09,500 --> 00:07:15,440
so different too. I mean, like water parks to like, what do you call them? The gliders and all

96
00:07:15,440 --> 00:07:20,460
this stuff. It was the kids who had a great time. And then three is just like the kids museums and

97
00:07:20,460 --> 00:07:24,840
just the kids' activities around that, they were just phenomenal. But it just, you know,

98
00:07:25,740 --> 00:07:32,440
people just kind of zombying around. I don't know. There's just, it was a weird vibe.

99
00:07:32,440 --> 00:07:37,680
We've definitely got you on culture too, though. Like an old building in Nashville is like 17

100
00:07:37,680 --> 00:07:42,860
years old or something. Come on, come on. We've got you on the culture side.

101
00:07:42,860 --> 00:08:09,480
Yeah, for a number of reasons. But I'll say this, Nashville is the best place, in my opinion, and I'm biased, to raise a family. It's just the community here is amazing. Our values are fantastic. You know, the schooling is great. We've got great family here, personally. And I couldn't think of a better place in the world to raise a family.

102
00:08:09,480 --> 00:08:13,640
yeah no i like nashville i've said for a long time if it was somewhere in the us i was going

103
00:08:13,640 --> 00:08:18,760
to move it probably be nashville um but like you've also got an amazing bitcoin community

104
00:08:18,760 --> 00:08:22,900
and it's something i'm in brisbane now and we just don't have it like we've got there's a don't get

105
00:08:22,900 --> 00:08:27,200
me wrong there's a great crew of bitcoiners they uh they're like committed good bitcoiners they

106
00:08:27,200 --> 00:08:31,020
have a meetup every month it's really annoying because it just tends to fall whenever i'm away

107
00:08:31,020 --> 00:08:36,980
so i go to like three a year but i would love to have a more dedicated bitcoin space in brisbane

108
00:08:37,740 --> 00:08:39,300
You've obviously built that in Nashville.

109
00:08:39,740 --> 00:08:41,920
Like, what are the challenges of building that?

110
00:08:43,060 --> 00:08:43,240
Yeah.

111
00:08:43,760 --> 00:08:46,080
So I'll say this.

112
00:08:46,580 --> 00:08:52,320
It wasn't like something Matt and I set out and like, well, we're going to build a physical space.

113
00:08:52,440 --> 00:08:56,680
I mean, it kind of just happened to pan out the way it did.

114
00:08:56,900 --> 00:08:58,560
But to your point, it started with a meetup.

115
00:08:58,560 --> 00:08:59,920
We were just getting together.

116
00:08:59,920 --> 00:09:16,560
And for the audience here, if you have not been to a Bitcoin meetup, I would just Google or chat, whatever it is, just local Bitcoin meetup, insert your city and just make sure it's Bitcoin and not like crypto or altcoin or treasury company or whatever it is.

117
00:09:16,560 --> 00:09:18,260
now these days that people talk about.

118
00:09:18,840 --> 00:09:21,060
But I would just make sure it's Bitcoin focused

119
00:09:21,060 --> 00:09:23,240
and just go attend it.

120
00:09:23,280 --> 00:09:25,060
Even if it's like four or five people,

121
00:09:25,280 --> 00:09:28,040
you'll be so surprised to like make that one connection

122
00:09:28,040 --> 00:09:30,000
and be like, dang, this is freaking awesome.

123
00:09:30,100 --> 00:09:31,700
I'll never forget one quick story.

124
00:09:32,240 --> 00:09:33,820
We hosted our first meetup.

125
00:09:33,820 --> 00:09:38,240
This was like, I don't know, August of 21, I want to say.

126
00:09:40,100 --> 00:09:41,700
And was it 21 or 22?

127
00:09:41,800 --> 00:09:42,100
I forget.

128
00:09:42,100 --> 00:09:47,280
But, and it was just at a brewery, 15, 20 people showed up.

129
00:09:47,360 --> 00:09:47,900
It was raining.

130
00:09:48,360 --> 00:09:51,480
But this one guy, his name is Dr. FOMO.

131
00:09:52,060 --> 00:09:56,020
He's like, came up to me afterwards and he's like, dude, I just need to tell you how thankful

132
00:09:56,020 --> 00:09:57,580
I am for you to organize this.

133
00:09:58,120 --> 00:10:00,140
I'm literally on just Bitcoin Twitter.

134
00:10:00,580 --> 00:10:04,720
And my wife thinks I'm crazy because all I, he's got miners running in the house.

135
00:10:04,840 --> 00:10:07,200
He's just talks to his internet friends about Bitcoin.

136
00:10:07,620 --> 00:10:11,340
He's like, I'm the only person in the Nashville metro area that cares about Bitcoin.

137
00:10:11,340 --> 00:10:14,040
And he's like, thankfully, there's other people like me.

138
00:10:14,040 --> 00:10:18,040
And then all of a sudden, and COVID did help for sure.

139
00:10:18,040 --> 00:10:21,180
But I would just say, there was just this gravitational force,

140
00:10:21,180 --> 00:10:23,480
which is Bitcoin, and it got people together.

141
00:10:23,480 --> 00:10:25,480
And so one of the things I think we did well,

142
00:10:25,480 --> 00:10:28,480
similar to Parker, who was a big inspiration,

143
00:10:28,480 --> 00:10:30,600
was just being consistent.

144
00:10:30,600 --> 00:10:32,400
To your point, the Brisbane made it up.

145
00:10:32,400 --> 00:10:35,540
I wonder if it's like the same Thursday of every month

146
00:10:35,540 --> 00:10:36,940
and you just happen to be out of town.

147
00:10:36,940 --> 00:10:40,140
But having a consistent such that you could potentially

148
00:10:40,140 --> 00:10:46,620
potentially rearrange your schedule or plan around it, plan to be there. I would just make a point.

149
00:10:47,880 --> 00:10:53,400
But it's super hard. I mean, unless you got like so and we'll probably talk about this later on,

150
00:10:53,480 --> 00:10:57,380
but we have a lot of members that are outside of Nashville and Austin that are like, hey,

151
00:10:57,380 --> 00:11:02,380
we should have a Bitcoin meet or a Bitcoin park in Scottsdale or St. Pete or

152
00:11:02,380 --> 00:11:09,180
Dallas or Chicago, wherever that may be. I'm like two things, one, capital and two,

153
00:11:09,180 --> 00:11:12,840
you can't really manufacture a Bitcoin community.

154
00:11:13,180 --> 00:11:14,760
You gotta start at the grassroots level.

155
00:11:14,860 --> 00:11:15,920
You gotta start at the meetup.

156
00:11:16,260 --> 00:11:17,360
You gotta start being consistent.

157
00:11:17,520 --> 00:11:21,720
And more importantly, you gotta enjoy organizing it.

158
00:11:22,060 --> 00:11:23,900
I see a lot of folks, rightfully,

159
00:11:24,000 --> 00:11:26,540
they get just drained because it's taxing

160
00:11:26,540 --> 00:11:28,060
on their family time.

161
00:11:28,200 --> 00:11:29,860
It gets taxing from their wallet.

162
00:11:30,300 --> 00:11:32,180
They're the ones picking up the bar tab a little bit

163
00:11:32,180 --> 00:11:35,780
or maybe paying a rental fee just to be at the place.

164
00:11:36,320 --> 00:11:37,880
So I have a whole list of tips

165
00:11:37,880 --> 00:11:41,480
And that's like something we do at the grassroots Bitcoin where we organize meetup.

166
00:11:41,760 --> 00:11:48,240
It's a meetup of meetup organizers where we exchange best practices such that we can empower these meetup organizers.

167
00:11:48,240 --> 00:11:59,200
Because I truly think meetup organizers are on this crazy, they're so crazy important in Bitcoin education and adoption globally.

168
00:11:59,720 --> 00:12:04,180
You may not think of it, even if you're an organizer of a 20 person meetup in your local community.

169
00:12:04,180 --> 00:12:10,400
but the trust that those individuals have in you that they then extend into their networks

170
00:12:10,400 --> 00:12:16,680
is beyond imagination at least for me and that's why i take i know it's a superman quote but there's

171
00:12:16,680 --> 00:12:21,660
a lot i take a lot of pride yeah well is it like with great power comes great responsibility or

172
00:12:21,660 --> 00:12:26,260
something along those lines but at the beginning of my meetups i always say we take a lot of pride

173
00:12:26,260 --> 00:12:31,360
and responsibility in making this the best bitcoin experience but even danny you have such a huge

174
00:12:31,360 --> 00:12:37,400
a megaphone, right? And especially with all the noise that's out there, it's imperative that we

175
00:12:37,400 --> 00:12:44,020
kind of do the work a bit and distill in who are the best players to the best of our ability such

176
00:12:44,020 --> 00:12:49,520
that we can help educate, you know, you on a global audience and me on a local audience.

177
00:12:50,300 --> 00:12:53,520
Yeah, I think it's funny because like, I don't know if you guys were first or

178
00:12:53,520 --> 00:12:57,580
I think Austin was first, right? But there's now the park in Austin,

179
00:12:57,580 --> 00:13:00,480
Park in Nashville, PubKey, which I absolutely adore.

180
00:13:01,280 --> 00:13:02,480
I've been to the space in Denver.

181
00:13:02,600 --> 00:13:03,640
That's a really cool spot.

182
00:13:03,800 --> 00:13:06,360
The stuff that Tyler and Eric and that crew are doing there is very cool.

183
00:13:06,740 --> 00:13:07,840
And there's Presidio in San Francisco.

184
00:13:08,020 --> 00:13:10,160
There are these hubs popping up all over the US.

185
00:13:10,940 --> 00:13:12,240
We need to get them more global.

186
00:13:12,380 --> 00:13:15,280
I know someone's working on one in London right now, which is going to be pretty interesting.

187
00:13:16,120 --> 00:13:20,100
But when everyone's just talking about treasury companies, and I'm guilty of this, I've done

188
00:13:20,100 --> 00:13:21,460
a ton of shows on treasury companies.

189
00:13:21,940 --> 00:13:26,660
Is it frustrating to you that people are not talking about the grassroots Bitcoin adoption

190
00:13:26,660 --> 00:13:27,140
enough?

191
00:13:27,580 --> 00:13:36,860
It does not bother me, but it gives us an opportunity to help change or combat the narratives that are out there.

192
00:13:37,360 --> 00:13:39,960
So, again, I'm not really good on Twitter.

193
00:13:40,140 --> 00:13:41,840
I'm not really good on a number of things.

194
00:13:41,940 --> 00:13:47,880
But I look at this and I say, okay, this just feels, by the way, like 2017, the ICO boom.

195
00:13:48,080 --> 00:13:54,000
And it's just like whatever thing is being launched and saying this is the best thing since sliced spread.

196
00:13:54,000 --> 00:13:58,540
I'm like, whoever was in Bitcoin around 2017, 2018, I don't know.

197
00:13:58,620 --> 00:14:01,000
At least for me, it feels like that time frame.

198
00:14:01,720 --> 00:14:07,620
But I think this is actually a unique opportunity to help continue to differentiate and expand

199
00:14:07,620 --> 00:14:09,080
on the value of Bitcoin.

200
00:14:09,740 --> 00:14:13,960
So for example, we're hosting a custody and treasury summit.

201
00:14:14,700 --> 00:14:21,840
And I thought it was extremely important to include custody in treasury because whenever

202
00:14:21,840 --> 00:14:28,480
you have a treasury strategy, and my definition of a treasury strategy is a business that holds

203
00:14:28,480 --> 00:14:34,520
Bitcoin and then uses Bitcoin. And it's, for me, the treasury strategy is wanting to learn ways

204
00:14:34,520 --> 00:14:41,120
on how folks are using Bitcoin on their balance sheet. For example, I'll say another story,

205
00:14:41,220 --> 00:14:45,660
Matt and I, we decided on day one, we would only accept Bitcoin and we'll only use Bitcoin.

206
00:14:45,660 --> 00:14:47,960
That was the wrong treasury strategy.

207
00:14:48,540 --> 00:14:53,020
Bitcoin was at like 45 some K and we're accepting Bitcoin, blah, blah.

208
00:14:53,340 --> 00:14:54,960
I'm not BSing you, Danny.

209
00:14:55,420 --> 00:14:57,180
We like literally the market top.

210
00:14:57,260 --> 00:14:59,120
And this is June of 2022, I believe.

211
00:14:59,340 --> 00:15:01,220
It just kept on going down and down.

212
00:15:01,320 --> 00:15:06,800
By December of 22, if I get my years right, the price of Bitcoin was like 15 K.

213
00:15:07,200 --> 00:15:10,560
I'm like, our bills are fiat denominated.

214
00:15:10,800 --> 00:15:12,920
We cannot run a business like this.

215
00:15:13,420 --> 00:15:15,300
And so that was a major wake up call.

216
00:15:15,300 --> 00:15:16,940
And by the way, that's also helped.

217
00:15:17,280 --> 00:15:19,500
I mean, I have the freaking battle scars to prove it,

218
00:15:19,760 --> 00:15:21,400
but that's also helped with the durability

219
00:15:21,400 --> 00:15:23,660
and making this a sound business

220
00:15:23,660 --> 00:15:25,660
or more sound and resilient business

221
00:15:25,660 --> 00:15:29,600
versus like, all right, we started a Bitcoin business

222
00:15:29,600 --> 00:15:32,180
and it went straight up to a hundred some thousand dollars

223
00:15:32,180 --> 00:15:33,340
and we look like geniuses.

224
00:15:34,020 --> 00:15:36,640
But that's where when people talk about treasury companies,

225
00:15:36,780 --> 00:15:39,620
I mean, I group them into like,

226
00:15:39,720 --> 00:15:41,540
okay, there's a financial engineering

227
00:15:41,540 --> 00:15:43,840
shell treasury company out there.

228
00:15:43,940 --> 00:15:44,680
That's a stock.

229
00:15:44,680 --> 00:15:51,960
you're buying that stock to hopefully get more bitcoin more power to you best of luck god bless

230
00:15:51,960 --> 00:15:57,240
it's kind of what i say at you know our meetups especially the new folks i don't want to i don't

231
00:15:57,240 --> 00:16:02,980
want to um push them away or anything i just say hey uh we talk about bitcoin the capital b the

232
00:16:02,980 --> 00:16:07,580
monetary network here also the bitcoin the lowercase b what we don't talk about is altcoins

233
00:16:07,580 --> 00:16:14,120
nfts lfts crypto shit coins shell treasury companies you know gold whatever that's another

234
00:16:14,120 --> 00:16:21,300
meetup, more power to you, but, you know, God bless. But here, because I take a lot of pride

235
00:16:21,300 --> 00:16:24,420
and responsibility in making this the best hour that you're going to spend in Bitcoin.

236
00:16:24,780 --> 00:16:30,720
This is what it's all about. So I'll be honest, it doesn't really bother me. I think it's a

237
00:16:30,720 --> 00:16:35,600
really cool opportunity, especially for a Bitcoin park. Awesome Bitcoin educators like yourself,

238
00:16:36,060 --> 00:16:40,940
Sessions, others to really double down to say, okay, here's the differentiation.

239
00:16:40,940 --> 00:16:56,493
Like here another quick thing We going to introduce a simple custody white paper as part of our custody and treasury summit And it not meant for I mean it meant for our attendees but it meant for the attendees customers and their grassroots network

240
00:16:56,734 --> 00:17:01,854
They explain what are all the different ways to custody Bitcoin, from single SIG to multi

241
00:17:01,854 --> 00:17:04,633
SIG to full custodian to insured custody.

242
00:17:05,734 --> 00:17:09,674
The noobs just, they're probably thinking like treasury company, they hold my Bitcoin.

243
00:17:09,674 --> 00:17:14,873
Why would I, what does custody even, how does that even come into the equation?

244
00:17:15,353 --> 00:17:19,593
And so again, I think there's a huge opportunity for all of us to leverage.

245
00:17:20,553 --> 00:17:22,653
Yeah, I think it's funny because like I'm a Bitcoin treasury company.

246
00:17:22,833 --> 00:17:26,893
I'm obviously not doing any of the financialization, but I hold Bitcoin for the company.

247
00:17:27,793 --> 00:17:30,773
Like I, when I invoice people, there's always an option to pay in Bitcoin.

248
00:17:31,174 --> 00:17:32,833
Surprisingly few people take that option.

249
00:17:33,174 --> 00:17:33,533
Interesting.

250
00:17:33,533 --> 00:17:39,754
But like when you say that you ran this with Bitcoin only at first, price went down, that was a bad treasury decision.

251
00:17:40,414 --> 00:17:42,474
Obviously, price is way up from there.

252
00:17:43,093 --> 00:17:44,194
Do you still do that?

253
00:17:44,234 --> 00:17:45,113
Or have you changed the strategy?

254
00:17:45,214 --> 00:17:46,273
Do you take some in fiat?

255
00:17:46,754 --> 00:17:47,914
Well, it's not so much take it.

256
00:17:48,013 --> 00:17:50,474
Like if we, let's say it was 100% in Bitcoin.

257
00:17:50,813 --> 00:17:53,434
And by the way, we do, ZapRite makes it super easy.

258
00:17:53,533 --> 00:17:54,653
I'm not sure who you're using, but.

259
00:17:54,873 --> 00:17:55,273
ZapRite's great.

260
00:17:55,373 --> 00:17:55,734
I use them.

261
00:17:55,833 --> 00:17:55,954
Yeah.

262
00:17:56,373 --> 00:17:56,613
Yeah.

263
00:17:56,734 --> 00:17:58,353
I mean, it just makes it so easy.

264
00:17:58,353 --> 00:18:03,934
And honestly, the 4% premium on fiat makes my life easier as well, because it's a slight

265
00:18:03,934 --> 00:18:05,734
way of just pushing them towards Bitcoin.

266
00:18:06,053 --> 00:18:12,053
But also on the fiat side, I don't get dinged on the 3%, 4%, whatever it is on the credit

267
00:18:12,053 --> 00:18:12,714
card processing.

268
00:18:13,873 --> 00:18:16,734
But no, and I don't know if this is the right strategy.

269
00:18:16,853 --> 00:18:19,333
Honestly, that's why it's so selfish of me.

270
00:18:19,414 --> 00:18:23,813
I do all of these summits just so I can learn and bring all my friends together, and whether

271
00:18:23,813 --> 00:18:24,813
it's Nashville or Austin.

272
00:18:25,113 --> 00:18:26,593
So we're going to do one on custody and treasury.

273
00:18:26,833 --> 00:18:28,113
We're going to do one on Bitcoin payments.

274
00:18:28,353 --> 00:18:29,773
We're going to do one on grassroots.

275
00:18:29,974 --> 00:18:33,093
I mean, it's just, this is all selfish to me.

276
00:18:33,533 --> 00:18:37,234
But on the treasury side, it's a loose like 50, 50%.

277
00:18:37,234 --> 00:18:39,053
And I don't know if that's a right,

278
00:18:39,894 --> 00:18:42,714
it's still a work in progress where it's just,

279
00:18:43,214 --> 00:18:44,073
what's my cash balance?

280
00:18:44,153 --> 00:18:45,013
What's my Bitcoin balance?

281
00:18:45,073 --> 00:18:47,214
It's not something I'm like actively managing

282
00:18:47,214 --> 00:18:49,714
because I got a million other things going on.

283
00:18:49,934 --> 00:18:52,053
It's one of those like once a month,

284
00:18:52,153 --> 00:18:53,013
once every couple of months,

285
00:18:53,033 --> 00:18:54,494
I'm like looking at my Bitcoin balance,

286
00:18:54,914 --> 00:18:56,013
like seeing how that's working

287
00:18:56,013 --> 00:18:58,633
and looking at my fiat balance

288
00:18:58,633 --> 00:19:02,013
and looking out two months, three months of AP

289
00:19:02,013 --> 00:19:05,513
and then saying, okay, does this feel right

290
00:19:05,513 --> 00:19:07,353
in terms of runway, if you will?

291
00:19:07,613 --> 00:19:11,013
Because I do think there's a non-zero freaking chance

292
00:19:11,013 --> 00:19:13,914
we see this, for your business, Danny,

293
00:19:14,013 --> 00:19:17,293
what if there was a massive 80% drawdown, right?

294
00:19:17,593 --> 00:19:23,714
Like I have a responsibility to Jack, Andrew, Rob, Julie

295
00:19:23,714 --> 00:19:31,813
and most as important my entire membership community to stay alive like there so i'm not

296
00:19:31,813 --> 00:19:40,754
a trader i'm a i'm a bitcoiner that has humbly a amazing job um an amazing platform to build

297
00:19:40,754 --> 00:19:46,194
and that needs to stay alive and and it needs to continue to be durable what if you could lower

298
00:19:46,194 --> 00:19:51,214
your tax bill and stack bitcoin at the same time well by mining bitcoin with blockware you can

299
00:19:51,214 --> 00:19:58,353
New tax guidelines from the Big Beautiful Bill allow American miners to write off 100% of the cost of their mining hardware in a single tax year.

300
00:19:58,653 --> 00:20:00,454
That's right, 100% write-off.

301
00:20:00,934 --> 00:20:06,373
If you have 100k in capital gains or income, you can purchase 100k of miners and offset it entirely.

302
00:20:07,394 --> 00:20:11,914
Blockware's Mining as a Service enables you to start mining Bitcoin right now without lifting a finger.

303
00:20:12,454 --> 00:20:17,494
Blockware handles everything from securing the miners to sourcing low-cost power to configuring the mining pool.

304
00:20:17,494 --> 00:20:22,734
they do it all. You get to stack Bitcoin at a discount every single day while also saving big

305
00:20:22,734 --> 00:20:29,033
come tax season. Get started today by going to mining.blockwaresolutions.com forward slash WBD

306
00:20:29,033 --> 00:20:33,133
and for every hosted miner purchased you get one week of free hosting and electricity.

307
00:20:33,873 --> 00:20:39,353
Of course none of this is tax advice. Speak with Blockware to learn more at mining.blockwaresolutions.com

308
00:20:39,353 --> 00:20:44,734
forward slash WBD. This episode is brought to you by the massive legends Iron, the largest

309
00:20:44,734 --> 00:20:48,013
NASDAQ listed Bitcoin miner using 100% renewable energy.

310
00:20:48,353 --> 00:20:51,934
IREN are not just powering the Bitcoin network, they're also providing cutting edge computing

311
00:20:51,934 --> 00:20:54,573
resources for AI all backed by renewable energy.

312
00:20:55,093 --> 00:20:58,133
We've been working with their founders, Dan and Will, for quite some time now and have

313
00:20:58,133 --> 00:21:02,033
been really impressed with their values, especially their commitment to local communities and

314
00:21:02,033 --> 00:21:03,313
sustainable computing power.

315
00:21:03,773 --> 00:21:07,753
So whether you're interested in mining Bitcoin or harnessing AI compute power, IREN is setting

316
00:21:07,753 --> 00:21:08,214
the standard.

317
00:21:08,793 --> 00:21:12,674
Visit iren.com to learn more, which is I-R-E-N.com.

318
00:21:12,674 --> 00:21:21,133
If you already self-custody your Bitcoin, you know the deal with hardware wallets, complex setups, clumsy interfaces, and a seed phrase that can be lost, stolen, or forgotten.

319
00:21:21,753 --> 00:21:22,914
Well, BitKey fixes that.

320
00:21:23,394 --> 00:21:27,293
BitKey is a multi-sig hardware wallet built by the team behind Square and Cash App.

321
00:21:27,714 --> 00:21:34,974
It packs a cryptographic recovery system and built-in inheritance feature into an intuitive, easy-to-use wallet with no seed phrase to sweat over.

322
00:21:35,533 --> 00:21:38,513
It's simple, secure self-custody without the stress.

323
00:21:38,894 --> 00:21:41,394
And time named BitKey one of the best inventions of 2024.

324
00:21:41,394 --> 00:21:50,253
for get 20 off at bitkey.world when you use code wbd that's b-i-t-k-e-y dot world and use code wbd

325
00:21:50,253 --> 00:21:55,174
i want to talk about like all the stuff that you guys are doing i know in austin ai is becoming

326
00:21:55,174 --> 00:22:00,353
like a bigger and bigger part of the the park down there but before we do that i i know you did the

327
00:22:00,353 --> 00:22:04,994
telehash thing i want to hear the story because all i ever saw was the clip of you guys actually

328
00:22:04,994 --> 00:22:07,934
finding that block but i want to hear the story behind what happened there

329
00:22:07,934 --> 00:22:18,793
So the tele hash, so I'm co-founder of Bitcoin Park, but I also co-founded the 256 Foundation with my very good friend in Bitcoin, EconoAlchemist.

330
00:22:20,674 --> 00:22:31,113
That's a whole long story on how we started it, but it was basically us trolling and we memed it alive, which is basically we want to dismantle the proprietary Bitcoin mining empire.

331
00:22:31,894 --> 00:22:37,454
Because there is one like with Bitmain and MicroBT and all these centralized players from the pools and so on.

332
00:22:37,454 --> 00:22:39,253
And just there's a massive opportunity.

333
00:22:39,414 --> 00:22:41,994
There's a massive community that wants to do this.

334
00:22:42,033 --> 00:22:44,234
And we want to play a small role in supporting it.

335
00:22:45,674 --> 00:22:50,073
So Ico and I, now Scott, the founder of the Bidex Project,

336
00:22:50,373 --> 00:22:53,513
he's involved on our podcast called Pod256.

337
00:22:54,894 --> 00:22:56,373
We were just joking one day.

338
00:22:56,494 --> 00:22:59,313
We're like, you know those old school telethons

339
00:22:59,313 --> 00:23:00,914
where they call in and donate money?

340
00:23:00,914 --> 00:23:05,214
We should do a telehash where noobs, home miners,

341
00:23:05,214 --> 00:23:10,994
or big, big pubcos could point us hash rate and donate us hash rate. How cool would that be?

342
00:23:11,674 --> 00:23:16,414
So like anything we do, we memed it and then we did it. And so there's a, uh, we did it at

343
00:23:16,414 --> 00:23:23,154
Bitcoin park the day before the Nashville energy and mining summit this past year. And, uh,

344
00:23:23,813 --> 00:23:30,414
yeah, it was this past year. And, uh, dude, we got, we got, Oh, on average, it was like 800,

345
00:23:30,414 --> 00:23:40,293
petahash. We clipped one X a hash from one big friend miner. But I mean, our chances were one

346
00:23:40,293 --> 00:23:44,214
in a thousand, Danny. One in a thousand. Who gave you the hash rate? Can you say,

347
00:23:44,353 --> 00:23:48,654
or are they keeping it private? No, Marshall Long from- Oh, what a legend.

348
00:23:48,833 --> 00:23:54,833
Yeah. A white Marshall. Yeah. And so he pointed us the hash rate. He was there. He was helping us

349
00:23:54,833 --> 00:24:00,994
out. Him and John Stephanopoulos, we were running our own node. You know, we had the, it was just

350
00:24:00,994 --> 00:24:06,474
like we were, we were a self-sovereign miner, full stop. Eco's sitting there on his computer. I mean,

351
00:24:06,533 --> 00:24:11,154
you got to go look it up on, I don't know how you search Twitter well, but you got to go look for

352
00:24:11,154 --> 00:24:18,373
this video, but I'm trying to put the clip in here. Eco, when it pans to Eco, when we hit the block,

353
00:24:18,373 --> 00:24:25,273
you can see through his glasses, his realization that we hit a one out of a thousand chance to hit

354
00:24:25,273 --> 00:24:30,873
a block. And so for those folks that don't understand the significance of this, on average,

355
00:24:30,954 --> 00:24:36,373
every 10 minutes, a Bitcoin block is mined. Okay. On January 3rd, 2009, when the first block was

356
00:24:36,373 --> 00:24:43,154
mined, 50 Bitcoin was the reward. Then every four years is a halving where the Coinbase reward

357
00:24:43,154 --> 00:24:50,633
is cut in half. And now we're at 3.125 Bitcoin in terms of the reward.

358
00:24:53,633 --> 00:25:02,373
Oh my God, I can't believe I'm... Yeah. 881423 is the block height because I got a t-shirt right

359
00:25:02,373 --> 00:25:10,494
over there and it just skipped out of my head. But at block height 881423, we at Bitcoin Park

360
00:25:10,494 --> 00:25:17,593
solo mind a Bitcoin block on the Bitcoin blockchain live on our live stream.

361
00:25:17,993 --> 00:25:18,813
That's insane.

362
00:25:18,813 --> 00:25:24,654
I mean, the people in the audience were going nuts. We were going nuts. I thought they were

363
00:25:24,654 --> 00:25:30,573
trolling me, Danny. I had just stepped out to be honest with you. It's because dude, I host these

364
00:25:30,573 --> 00:25:38,093
summits with like 150, 200 people each clip, you know, coming. So I had to go just to the FedEx to

365
00:25:38,093 --> 00:25:44,434
go get more, uh, lanyard tags. I come back in. Scott's like, we did it. I'm like, cool. We did

366
00:25:44,434 --> 00:25:49,654
what? Nothing. We're been here for eight hours and nothing's happened. He goes like, brother,

367
00:25:50,214 --> 00:25:56,154
we have done it. I'm like, no, you're lying to me. And, uh, it was Danny. It was one of the,

368
00:25:56,553 --> 00:26:00,654
you know, uh, you you're, you're tall. So you probably played basketball in high school and

369
00:26:00,654 --> 00:26:04,454
you're probably a really good basketball player. I'm from England. We don't play basketball.

370
00:26:04,454 --> 00:26:12,633
Yeah, you're probably a good footballer. But I joke that in sixth or seventh grade is probably

371
00:26:12,633 --> 00:26:21,053
when I peaked in sports. My Bitcoin career peaked at block height 881423. Hitting that block,

372
00:26:21,214 --> 00:26:26,873
I mean, it's pretty cool working at Bitcoin Park and all this stuff, but I don't know if I'll ever

373
00:26:26,873 --> 00:26:32,613
get by it. Yeah, that's absolutely insane. But you get, I don't know what it was at the time,

374
00:26:32,613 --> 00:26:34,853
I don't know what the price was, but around 300k in Bitcoin.

375
00:26:35,133 --> 00:26:36,773
It was some 100,000 bucks.

376
00:26:36,914 --> 00:26:39,353
I mean, I think it was, yeah, north of 100,000 at the time.

377
00:26:39,813 --> 00:26:40,793
What do you do with that money?

378
00:26:41,714 --> 00:26:42,793
Just having a massive party?

379
00:26:43,734 --> 00:26:44,214
No, no.

380
00:26:44,353 --> 00:26:45,293
I mean, it's so funny.

381
00:26:45,633 --> 00:26:51,654
But no, again, a responsibility because we actually had an established foundation.

382
00:26:53,593 --> 00:26:57,033
So to kick it off, I got to give Foundry a lot of credit.

383
00:26:57,633 --> 00:27:02,013
They gave us 0.2 Bitcoin just as a seed.

384
00:27:02,013 --> 00:27:02,894
They're like, you know what?

385
00:27:03,293 --> 00:27:06,273
Eco Rod, wait, you guys are going to go

386
00:27:06,273 --> 00:27:09,593
all these different projects.

387
00:27:09,714 --> 00:27:11,033
You're going to start and support

388
00:27:11,033 --> 00:27:12,613
like from Scott and so on.

389
00:27:12,694 --> 00:27:14,474
Okay, here's 0.2 Bitcoin.

390
00:27:15,113 --> 00:27:16,974
And they're like, I'm like, you know, we're crazy.

391
00:27:16,974 --> 00:27:18,533
And we're going to try to dismantle

392
00:27:18,533 --> 00:27:20,053
your own business as well

393
00:27:20,053 --> 00:27:21,293
and make it more competitive.

394
00:27:21,293 --> 00:27:23,533
So there's not as much centralization

395
00:27:23,533 --> 00:27:24,954
in mining pools.

396
00:27:25,093 --> 00:27:26,434
They're like, do you?

397
00:27:26,513 --> 00:27:27,533
We want to support Bitcoin.

398
00:27:28,454 --> 00:27:29,234
So all right, cool.

399
00:27:29,234 --> 00:27:29,753
That's cool.

400
00:27:29,753 --> 00:27:31,974
Mike Collier, Jay, Emily, Melissa.

401
00:27:32,013 --> 00:27:34,613
the entire Foundry team deserves a massive shout out.

402
00:27:35,934 --> 00:27:39,333
And then Heatbit, Albus, you know, shout out to you, man.

403
00:27:39,474 --> 00:27:42,293
He came in big time just to support us as well.

404
00:27:43,533 --> 00:27:45,313
And the list goes on HRF.

405
00:27:45,934 --> 00:27:47,593
And then we had, so we had a little bit of support.

406
00:27:47,734 --> 00:27:50,093
So Eco and Scott were getting the first grant and so on.

407
00:27:50,113 --> 00:27:53,394
And we had, we were literally announcing our projects, Danny.

408
00:27:53,533 --> 00:27:55,694
We had five projects that we wanted to fund.

409
00:27:56,454 --> 00:27:58,993
And we're like, okay, well, if we hit a block,

410
00:27:59,073 --> 00:28:01,253
we literally probably can fund all of them,

411
00:28:01,253 --> 00:28:03,033
which we funded four out of the five.

412
00:28:04,553 --> 00:28:06,234
And then we hit the block.

413
00:28:06,373 --> 00:28:07,513
Honestly, it was so crazy

414
00:28:07,513 --> 00:28:10,174
because we were doing an eight-hour telehash

415
00:28:10,174 --> 00:28:11,553
and almost every hour, I was like,

416
00:28:11,593 --> 00:28:12,573
guys, let's just quit this.

417
00:28:12,674 --> 00:28:13,373
It's no point.

418
00:28:13,694 --> 00:28:14,934
Like, we're not hitting this block.

419
00:28:15,033 --> 00:28:15,873
One out of a thousand.

420
00:28:16,454 --> 00:28:18,714
Eco's like, no, we stick to the plan.

421
00:28:18,813 --> 00:28:19,593
We're doing this.

422
00:28:20,234 --> 00:28:22,154
And I'm just like, man, okay, whatever.

423
00:28:22,833 --> 00:28:27,434
And massive props to Rob Warren, Eco, Scott,

424
00:28:27,654 --> 00:28:28,654
just sticking through it

425
00:28:28,654 --> 00:28:30,214
and all the people that were in the audience.

426
00:28:30,214 --> 00:28:31,273
It was just so rad.

427
00:28:31,974 --> 00:28:32,454
That's incredible.

428
00:28:32,613 --> 00:28:35,974
What's your take on, I've got my bit axe whirring away here.

429
00:28:36,373 --> 00:28:38,853
What's your take on the state of mining?

430
00:28:39,013 --> 00:28:42,293
Because it is the most centralized thing in Bitcoin, I would argue.

431
00:28:43,033 --> 00:28:47,773
But the stuff that Square are doing or Block are doing is really interesting.

432
00:28:49,154 --> 00:28:57,694
So I think we're at the beginning of a really cool renaissance as it relates to Bitcoin mining.

433
00:28:57,694 --> 00:29:03,154
and I may go on a bit of a tangent here, but hear me out.

434
00:29:03,773 --> 00:29:10,613
So I think Bitcoin mining is on the path to dismantle the proprietary Bitcoin mining empire

435
00:29:10,613 --> 00:29:13,013
is happening in a number of different ways.

436
00:29:13,234 --> 00:29:17,253
So at the pleb or grassroots level, it's happening with a guy like Scott

437
00:29:17,253 --> 00:29:21,633
open sourcing the BitAx project so you can build your own home miner

438
00:29:21,633 --> 00:29:26,454
and just with whatever, one, two, three terahash, just mine Bitcoin at home

439
00:29:26,454 --> 00:29:28,133
with your own electricity.

440
00:29:29,113 --> 00:29:31,493
The probability of you hitting a block

441
00:29:31,493 --> 00:29:33,313
is zero, basically.

442
00:29:34,313 --> 00:29:35,414
But it happens.

443
00:29:35,714 --> 00:29:37,313
Have two blocks been found by a BitX

444
00:29:37,313 --> 00:29:38,493
or more in the last year, maybe?

445
00:29:39,174 --> 00:29:39,674
Exactly.

446
00:29:39,974 --> 00:29:41,333
So it can happen.

447
00:29:41,573 --> 00:29:42,174
And you know what?

448
00:29:42,434 --> 00:29:44,313
If enough crazy people get involved

449
00:29:44,313 --> 00:29:46,674
or get a future bit or just...

450
00:29:46,674 --> 00:29:48,654
The best way to learn about Bitcoin,

451
00:29:48,753 --> 00:29:49,214
in my opinion,

452
00:29:49,353 --> 00:29:50,353
is just to mine Bitcoin.

453
00:29:50,773 --> 00:29:51,694
You're running a full node.

454
00:29:52,093 --> 00:29:53,133
You're learning about Bitcoin.

455
00:29:53,513 --> 00:29:54,753
You're learning about deposit addresses.

456
00:29:55,073 --> 00:29:56,073
You're learning about mining pools.

457
00:29:56,073 --> 00:29:59,593
you're learning about everything and you're just like wait how does this work wait why is there a

458
00:29:59,593 --> 00:30:05,273
firmware wait why is there a firmware that i can't really adjust or what what does it how does this

459
00:30:05,273 --> 00:30:11,434
make sense and so you got folks like the scots of the world i mean this ember one that we're working

460
00:30:11,434 --> 00:30:16,714
on is going to be badass and there's so many other things i mean just the the density one i've missed

461
00:30:16,714 --> 00:30:21,993
this so well it's it's one of the 256 foundation projects it's like the next evolution in the in

462
00:30:21,993 --> 00:30:24,793
in the Bidax world.

463
00:30:25,674 --> 00:30:28,154
I mean, there's a number of other Bidaxes as well,

464
00:30:28,154 --> 00:30:30,194
which is just freaking awesome.

465
00:30:31,833 --> 00:30:33,593
You gotta bring Eco on.

466
00:30:33,593 --> 00:30:34,434
I don't wanna-

467
00:30:34,434 --> 00:30:35,694
Yeah, I'd like to.

468
00:30:35,694 --> 00:30:37,873
Because he should go into each of the projects

469
00:30:37,873 --> 00:30:39,873
and really tell you the story

470
00:30:39,873 --> 00:30:43,234
because going to that,

471
00:30:43,234 --> 00:30:46,493
like the state of the Bitcoin mining industry

472
00:30:46,493 --> 00:30:49,513
still continues to be very centralized.

473
00:30:49,513 --> 00:30:51,934
However, you got a guy like Jack Dorsey

474
00:30:51,934 --> 00:30:53,873
And I got to give Jack a lot of credit here.

475
00:30:54,694 --> 00:30:57,174
You know, as a CEO of a now Fortune 500 company,

476
00:30:57,833 --> 00:30:59,353
for him to be like, you know what?

477
00:30:59,613 --> 00:31:03,993
Thomas Templeton and team, Max Guys, Genia, Perry.

478
00:31:04,313 --> 00:31:07,013
I mean, the list goes on with that entire proto team.

479
00:31:07,573 --> 00:31:08,974
I'm going to give you the air coverage.

480
00:31:09,133 --> 00:31:09,993
I'm going to give you the funding.

481
00:31:10,694 --> 00:31:14,414
And let's go and see if we can't build a better Bitcoin miner.

482
00:31:14,894 --> 00:31:17,753
And by the way, let's not go and make it the same form factor.

483
00:31:17,753 --> 00:31:19,993
Let's reinvent what this could be.

484
00:31:20,633 --> 00:31:23,714
And so they were kind enough, by the way, to invite me out to their launch event.

485
00:31:23,934 --> 00:31:25,493
And so I got to talk with the team.

486
00:31:25,513 --> 00:31:27,414
I got to go actually see the product live.

487
00:31:27,454 --> 00:31:29,053
I got to like lift it.

488
00:31:29,073 --> 00:31:30,573
I got to do all of it with Scott and Nico.

489
00:31:31,454 --> 00:31:35,753
And one of the things that struck me was like over this one, two year period of time in

490
00:31:35,753 --> 00:31:39,373
development, they're like, look, we went out to the field.

491
00:31:39,553 --> 00:31:43,894
We went out to the field and talked to miners on what they cared about.

492
00:31:43,894 --> 00:31:54,873
They're like, dude, we have to scrap almost an entire miner because the hashboard is just kaput or the fan just breaks or whatever.

493
00:31:55,533 --> 00:31:58,474
And so it was like, well, what if it wasn't?

494
00:31:58,573 --> 00:32:00,414
What if you could just replace the fan easily?

495
00:32:00,553 --> 00:32:02,914
Just like take it out, pop it back in.

496
00:32:03,553 --> 00:32:07,813
That's the thing that resonated with me so much because I've been out to see Gridless's site in Kenya.

497
00:32:08,253 --> 00:32:09,313
I've seen a couple of them.

498
00:32:09,313 --> 00:32:14,194
and the big issue they have there is like the fans just get full of bugs and flies and that

499
00:32:14,194 --> 00:32:19,793
they grows like the ability just to like rip that out and replace it is a game changer for them

500
00:32:19,793 --> 00:32:27,613
and here's the other cool thing not to just you know boost boost them up um they went out and

501
00:32:27,613 --> 00:32:32,714
talked to like for me i'd be too enterprising i'd be like okay who are our customers who are

502
00:32:32,714 --> 00:32:38,753
biggest customers oh the enterprise customer like clean spark you know riot uh the irons of the

503
00:32:38,753 --> 00:32:44,753
world. Let's just go talk to them. No, they brought some of those folks, but they brought

504
00:32:44,753 --> 00:32:50,793
like my boys from Cholla who are the West Texas miners. They brought the Wilson mining brothers,

505
00:32:50,993 --> 00:32:56,194
you know, that are out in, you know, the sticks in Iowa. They brought out all of these folks.

506
00:32:56,194 --> 00:33:00,474
And then they brought like knuckleheads like us that are the home miners that have nothing to do

507
00:33:00,474 --> 00:33:04,674
like with their world. But they're like, we want you guys to battle test this. We want you to

508
00:33:04,674 --> 00:33:10,013
question this we want you to question the firmware the the the fleet management software that we've

509
00:33:10,013 --> 00:33:15,273
developed and it was just so dang cool so it was cool to see at the scale that they were building

510
00:33:15,273 --> 00:33:20,613
it out it was cool to see the support for the grassroots bitcoin home mining community across

511
00:33:20,613 --> 00:33:26,513
the board i mean jack was there he was giddy about like just seeing it live i mean you could tell and

512
00:33:26,513 --> 00:33:42,907
you been around him enough and his team like when they when he sees it live i could just i could just feel how proud he was of the team that they at this moment in time And this is just a milestone man Everyone like oh it only 14 joules per terahash blah blah blah

513
00:33:43,087 --> 00:33:45,727
I'm like, by the way, Bitmain announced,

514
00:33:45,807 --> 00:33:47,247
I think it was like nine joules per terahash,

515
00:33:47,327 --> 00:33:48,407
but that's in 2026.

516
00:33:48,667 --> 00:33:49,347
They haven't shipped it.

517
00:33:49,647 --> 00:33:50,307
Okay, that's one.

518
00:33:50,667 --> 00:33:54,967
Two, how often do those come off even the rack and they're busted?

519
00:33:55,327 --> 00:34:00,327
Okay, how often are they, you know, DOA after three to six months?

520
00:34:00,327 --> 00:34:06,007
What's the cost of the downtime and the replacement cost? So what's your all in cost,

521
00:34:06,947 --> 00:34:13,207
your investment in that, or you get one that's basically super durable or more durable

522
00:34:13,207 --> 00:34:21,227
and it's more easily replaceable. So, you know, instead of a 90% uptime or your CapEx needing to

523
00:34:21,227 --> 00:34:26,247
buy, I don't know. I don't, I have no idea if this is the right strategy, but do you buy 10 to 20%

524
00:34:26,247 --> 00:34:31,267
over your already allotment because you need to have those miners, you know, on the shelf because

525
00:34:31,267 --> 00:34:37,267
you have 5% always every month that go down for fix and you need to just be running. So you're

526
00:34:37,267 --> 00:34:43,907
ripping and replacing all the time. So I think bringing on Eco, because he can even be more

527
00:34:43,907 --> 00:34:49,847
full-throated than I am about this space. You know me, I'm build the bridge, I'm glass half full.

528
00:34:49,847 --> 00:34:55,887
I couldn't be more bullish on where we're going on all the fronts in Bitcoin. There's the people

529
00:34:55,887 --> 00:35:00,467
that are working in this space, even the haters. I mean, like even these freaking shell treasury

530
00:35:00,467 --> 00:35:09,447
companies bring it like everybody across the board, you know, Bitcoin is anti-fragile.

531
00:35:09,667 --> 00:35:14,067
And the more and more people that have eyes on it, that attack it, that build on it,

532
00:35:14,427 --> 00:35:17,887
it's benefits Bitcoin. It's just, it truly does, in my opinion.

533
00:35:18,727 --> 00:35:22,727
I think one of the cool things as well is I've not seen this minor or anything,

534
00:35:22,727 --> 00:35:27,227
but I've heard that there's like an AI agent on board that will tell you that like parts are

535
00:35:27,227 --> 00:35:31,207
going to like going to be retired in say three months, like the fans wearing out, whatever it

536
00:35:31,207 --> 00:35:35,667
might be. And that like integration of AI into these machines seems really cool, especially in

537
00:35:35,667 --> 00:35:38,627
terms of downtime. Like you can have the replacements ready to go, rip something out,

538
00:35:38,687 --> 00:35:43,947
put it in. And like, there's really no downtime. I know you guys have been doing a lot of AI stuff

539
00:35:43,947 --> 00:35:51,847
in Austin. What's going on there? So, yeah, no, I mean, for the, on the park side, we incorporate

540
00:35:51,847 --> 00:36:00,247
at AI as much as we can in terms of our operations and our workflow. We've been hosting at the

541
00:36:00,247 --> 00:36:06,007
Austin meetup, Tony and Justin, whenever they're in town or when they've been in town,

542
00:36:06,307 --> 00:36:13,027
they've been hosting a weekly or biweekly AI meetup. And I want to do more of that,

543
00:36:13,027 --> 00:36:17,227
to be honest with you, Danny, because I do think there's a convergence happening between Bitcoin,

544
00:36:17,227 --> 00:36:23,467
AI energy. And I want to always make sure that there's a conversation happening within open

545
00:36:23,467 --> 00:36:29,327
source freedom tech, because, you know, and I'm guilty of this as well. I'll like, I like to

546
00:36:29,327 --> 00:36:36,687
experiment with all of the AI tools from even chat GBT to, you know, Claude and so on. And a

547
00:36:36,687 --> 00:36:42,527
lot of them are closed source. And I'm still learning what are the trade-offs in using these

548
00:36:42,527 --> 00:36:49,127
tools, right? Versus an open source LLM and the tools around that. So always having that kind of

549
00:36:49,127 --> 00:36:54,547
a lens of, and by the way, every single week, it feels like there's something new or something

550
00:36:54,547 --> 00:37:01,067
being launched. And I'm just like blown away by the productivity improvements, by what I, my,

551
00:37:01,067 --> 00:37:06,687
my simpleton brain can even imagine what are the possibilities. I'm such the left side of the bell

552
00:37:06,687 --> 00:37:11,527
curve where I'm like, oh, well, this is our static process. And I'm like, okay, blow that whole thing

553
00:37:11,527 --> 00:37:18,007
up. And now what if we just concentrated on building, like, let me give Marty a huge shout

554
00:37:18,007 --> 00:37:22,827
out. Dude, have you seen his videos that he's been producing? Yeah, they're incredible. They're

555
00:37:22,827 --> 00:37:28,107
really cool. And, and, and, um, opportunity cost is a very cool app that he's just completely

556
00:37:28,107 --> 00:37:33,267
vibe coded. Vibe coded. He got a small team together. He had an idea and he shipped it.

557
00:37:33,507 --> 00:37:38,227
I mean, how cool is that? And that's why, uh, and I haven't read this post by Alan Farrington.

558
00:37:38,227 --> 00:37:47,827
And he just emailed me something along like P doom equals zero, which I assume means like, you know, like stop being a doomer.

559
00:37:47,927 --> 00:37:48,607
It's not happening.

560
00:37:48,927 --> 00:37:50,147
Like be an optimist.

561
00:37:51,047 --> 00:38:05,187
Dude, the stuff that we're going to build with having Bitcoin as the as the monetary network in the apps, the applications and the tooling that we create is going to be fundamentally so freaking amazing.

562
00:38:05,187 --> 00:38:07,907
And I do think it converges back onto Bitcoin.

563
00:38:08,227 --> 00:38:10,167
And then I think it converges back onto energy,

564
00:38:10,527 --> 00:38:11,547
different energy sources.

565
00:38:11,767 --> 00:38:13,827
When everyone's like, oh, we need to focus on renewable.

566
00:38:14,247 --> 00:38:16,227
Bitcoin's the most renewable energy source

567
00:38:16,227 --> 00:38:18,227
like demand out there.

568
00:38:18,287 --> 00:38:20,167
And it's gonna push the boundaries

569
00:38:20,167 --> 00:38:22,947
across nuclear, fusion, all of them.

570
00:38:23,167 --> 00:38:25,747
It'll expose the crap renewables

571
00:38:25,747 --> 00:38:27,667
because it'll just say that doesn't work

572
00:38:27,667 --> 00:38:28,987
compared to these other areas.

573
00:38:29,147 --> 00:38:30,667
We wanna buy it all up

574
00:38:30,667 --> 00:38:34,087
and we will be a economic actor within here.

575
00:38:34,347 --> 00:38:36,167
You want us to be the first buyer, the last buyer,

576
00:38:36,467 --> 00:38:37,287
whatever that may be.

577
00:38:37,287 --> 00:38:45,507
And so that's my long-winded way of saying I'm just so freaking bullish about all of these different areas and continuing to explore these areas.

578
00:38:46,247 --> 00:38:47,647
I definitely want to get into that convergence.

579
00:38:47,827 --> 00:38:49,767
But before we do, I'm curious how you're using AI.

580
00:38:49,907 --> 00:38:54,007
Because I remember last time we were hanging out in Nashville, we went and played golf and we were just talking for a while.

581
00:38:54,287 --> 00:38:56,367
And you're like a productivity maxi.

582
00:38:56,507 --> 00:38:57,147
It's unreal.

583
00:38:57,247 --> 00:38:58,747
You've got about 18 assistants.

584
00:38:59,307 --> 00:39:00,827
You're doing a thousand things at once.

585
00:39:00,947 --> 00:39:02,307
Like, how are you using AI?

586
00:39:02,447 --> 00:39:04,887
Because for me, it's definitely changed the way I work.

587
00:39:04,887 --> 00:39:11,827
I think it probably saves me at least half an employee, maybe a full employee in terms of what it will do for me.

588
00:39:12,367 --> 00:39:19,927
And if you go back even further, like a few years ago on what Bitcoin did, we were hiring people that would just not be relevant in the business today.

589
00:39:20,167 --> 00:39:26,207
Like we had a she was amazing, but we had a lady who was doing all the transcriptions manually doing transcriptions for us.

590
00:39:26,607 --> 00:39:27,667
We had people pulling clips.

591
00:39:27,727 --> 00:39:32,287
There's now AI tools that pull clips and they've gone from being really shitty to being actually pretty good.

592
00:39:32,287 --> 00:39:34,347
And there's probably no reason to have that person.

593
00:39:34,887 --> 00:39:36,207
And like, how are you using it?

594
00:39:37,227 --> 00:39:39,347
Yeah, so I would say in our,

595
00:39:39,647 --> 00:39:41,507
the key is our systems, right?

596
00:39:41,567 --> 00:39:43,607
So it's not so much what's a role

597
00:39:43,607 --> 00:39:45,447
or what's a something we want to go out.

598
00:39:45,667 --> 00:39:48,767
We have basically each year or now this year,

599
00:39:48,807 --> 00:39:50,027
as well as the years go forward,

600
00:39:50,087 --> 00:39:53,767
we have like probably three to four major goals

601
00:39:53,767 --> 00:39:55,147
that we want to go and accomplish.

602
00:39:55,907 --> 00:39:57,447
And then we go, okay, what are our systems

603
00:39:57,447 --> 00:39:58,787
to go and accomplish those goals?

604
00:39:59,327 --> 00:40:02,647
And then where can we incorporate any type of workflow

605
00:40:02,647 --> 00:40:05,247
such that the first answer is,

606
00:40:05,467 --> 00:40:10,867
can an AI agent do this or could some tool?

607
00:40:11,527 --> 00:40:13,927
So for any small business owner out there,

608
00:40:14,067 --> 00:40:16,407
what I would recommend and it's worked well for us,

609
00:40:16,687 --> 00:40:19,927
I've empowered the team, not annual, but monthly.

610
00:40:20,127 --> 00:40:23,507
You have an unlimited budget to go and spend 10 bucks,

611
00:40:23,587 --> 00:40:27,587
20 bucks, even a hundred bucks a month on any new AI tool.

612
00:40:27,967 --> 00:40:30,527
You just have to use it and report back

613
00:40:30,527 --> 00:40:31,647
on how you're using it.

614
00:40:31,647 --> 00:40:39,707
So it's not an AI tool, but we use loom.com religiously and we loom each other videos all the time on how we're using.

615
00:40:39,707 --> 00:40:40,527
Why is that? I've not used that.

616
00:40:41,207 --> 00:40:44,807
So it's a screen recording tool that basically records your screen.

617
00:40:44,947 --> 00:40:50,527
So like, you know, before in other jobs, people would call me, hey, I need to grab you for 10 minutes and talk to you about this idea.

618
00:40:51,387 --> 00:40:55,327
Now, when you're like, I'm on the golf course with you, I want to enjoy that round.

619
00:40:55,327 --> 00:41:01,087
That's four, maybe whatever, five hours instead of worrying about calls that are coming in and so on.

620
00:41:01,087 --> 00:41:08,067
and so when somebody's like hey I need some help around I don't know feedback on this creative just

621
00:41:08,067 --> 00:41:13,227
before I send out this tweet I wanted there's a new style I wanted you to get your eyes on

622
00:41:13,227 --> 00:41:19,447
instead of sending me a static and a text or an email it's a loom with their context and this is

623
00:41:19,447 --> 00:41:23,847
not an AI tool it's just more of a productivity tool of their thought process on it then I can

624
00:41:23,847 --> 00:41:29,887
comment within that video on exactly what I want to provide feedback to or I say great job ship it

625
00:41:29,887 --> 00:41:49,887
And we're rocking and rolling. And so asynchronous communication is a big thing. And culturally here that I want to install at the park or continue to install and lead by example is because, dude, we got I have four kids. I got a six year old, a five year old, a three year old, a two year old. I coach, I think now two or three soccer teams.

626
00:41:49,887 --> 00:41:54,427
I like I'm volunteering as like the cross country coach and I'm volunteering.

627
00:41:54,647 --> 00:41:59,127
My daughter wants me to go and volunteer for like lunch line because it's our first year

628
00:41:59,127 --> 00:42:00,847
being like the cafeteria lunch.

629
00:42:01,027 --> 00:42:03,687
And I'm like auto yes into all of that stuff.

630
00:42:03,867 --> 00:42:07,787
So but I don't want to take away from any of the work that I'm doing.

631
00:42:08,067 --> 00:42:13,707
So it's like, all right, if this is a known, how do I conform my life such that I want

632
00:42:13,707 --> 00:42:18,007
to prioritize this while excelling and maximizing in these other areas?

633
00:42:18,007 --> 00:42:21,847
So I just make sure to develop the tooling around that.

634
00:42:22,307 --> 00:42:24,667
I mean, there's no like secret to go on the AI side.

635
00:42:24,747 --> 00:42:28,707
There's no like, oh, this is the three tools

636
00:42:28,707 --> 00:42:30,367
and they're not really AI tools.

637
00:42:30,687 --> 00:42:34,727
The three like tools that I was telling Jack this morning,

638
00:42:34,827 --> 00:42:35,967
I'm like, if they went away,

639
00:42:36,047 --> 00:42:38,047
it would really hurt my productivity in general.

640
00:42:38,447 --> 00:42:39,487
One is Whisperflow.

641
00:42:39,587 --> 00:42:41,327
The voice to text is unbelievable,

642
00:42:41,687 --> 00:42:42,787
especially on computer.

643
00:42:43,667 --> 00:42:44,887
Two is Raycast.

644
00:42:44,887 --> 00:42:49,007
It's like a spotlight on steroids.

645
00:42:50,267 --> 00:42:51,707
Just the clipboard history.

646
00:42:52,067 --> 00:42:53,447
Again, I'm the left side of the bell curve.

647
00:42:53,607 --> 00:42:55,167
I have so much of my clipboard history.

648
00:42:55,487 --> 00:42:59,847
It is so much easier just to search for and paste in there.

649
00:43:00,587 --> 00:43:06,807
And then third is that loom, which for our team, you know, Rob just welcomed the new baby girl.

650
00:43:07,127 --> 00:43:09,427
And he's working different hours right now.

651
00:43:09,427 --> 00:43:12,307
but we're continuing to ship, especially for this Imagine If,

652
00:43:12,787 --> 00:43:15,447
which is now 25 days away.

653
00:43:16,347 --> 00:43:17,947
It's like, it's unbelievable.

654
00:43:18,687 --> 00:43:20,027
Voice to text is amazing,

655
00:43:20,147 --> 00:43:22,507
unless you're trying to talk to Siri when it's fucking terrible.

656
00:43:22,587 --> 00:43:23,527
No, Siri's garbage.

657
00:43:23,967 --> 00:43:26,867
This is where, you know, this is me being...

658
00:43:26,867 --> 00:43:28,667
It's insane that Siri's actually got worse.

659
00:43:28,947 --> 00:43:31,447
So when I did like this AI update,

660
00:43:31,707 --> 00:43:33,447
I was like really excited for it.

661
00:43:33,467 --> 00:43:35,267
I was like, this is what an iPhone needs.

662
00:43:35,307 --> 00:43:36,527
And it's got worse.

663
00:43:36,627 --> 00:43:38,247
It was better 10 years ago than it is today.

664
00:43:38,247 --> 00:43:46,587
heads need to roll over there and then they need to they and they will look this is what's going

665
00:43:46,587 --> 00:43:51,347
to happen they're going to acquire whisper flow like yesterday that's going to happen and it's

666
00:43:51,347 --> 00:43:55,607
going to be integrated and it's going to be the default okay that's one two they're going to

667
00:43:55,607 --> 00:44:00,947
acquire raycast their spotlight still sucks raycast is the best so i could see them easily

668
00:44:00,947 --> 00:44:06,947
acquiring both of those elation or whatever it was acquired loom i'm glad they're like leaving

669
00:44:06,947 --> 00:44:14,507
Loom as a standalone product. But just those acquisitions make a ton of sense and they have

670
00:44:14,507 --> 00:44:19,747
a huge balance sheet. So leverage your balance sheet. You're not innovating at the workforce

671
00:44:19,747 --> 00:44:25,647
level. You're just not like, again, I'm a Bitcoiner. I look at proof of work. I don't care credentials.

672
00:44:25,807 --> 00:44:30,507
I don't care. You've got a product roadmap. I don't care. I look at the product that is in right

673
00:44:30,507 --> 00:44:37,887
now that I'm using and I'm saying it is garbage. So it's just, they, they just got it. I don't know

674
00:44:37,887 --> 00:44:43,007
other than acquisition is the way. Yeah. They've fucked it big time. Um, it's like you're,

675
00:44:43,107 --> 00:44:48,087
you've obviously got four kids. You're a lunatic. Um, I've got one under two and like, one of the

676
00:44:48,087 --> 00:44:53,287
things that I can't figure out is what the world looks like for them when they're hitting adulthood.

677
00:44:53,807 --> 00:44:59,527
Um, cause like, obviously my daughter's two now, I actually think that's in some ways a better age

678
00:44:59,527 --> 00:45:04,147
to be than being sort of 12, 13, because I think knowing what's going to happen in five years is

679
00:45:04,147 --> 00:45:08,827
literally impossible right now. At least there'll be some time for this to kind of mature before my

680
00:45:08,827 --> 00:45:13,907
daughter's at the age where she has to worry about having a job. But like, what, how do you see that?

681
00:45:13,947 --> 00:45:20,847
Like, how do you try and position this for your kids? So I think about this deeply and almost

682
00:45:20,847 --> 00:45:28,727
every single day. I don't try, like before it was, okay, maybe learn computer science, which I should

683
00:45:28,727 --> 00:45:34,167
of double down on and I was just too lazy and not smart. So I didn't do that. But, you know,

684
00:45:34,247 --> 00:45:39,567
oh, the safe route was go get an accounting degree or go get a, you know, XYZ degree.

685
00:45:40,267 --> 00:45:40,307
Gone.

686
00:45:40,867 --> 00:45:46,427
Gone. Well, gone in the sense that it's not a core, like, well, you just got to rethink

687
00:45:46,427 --> 00:45:51,207
education across the board, in my opinion. Like these alpha schools and all these different

688
00:45:51,207 --> 00:45:56,947
schooling schools, that's the area. I'm not like that crazy active parent that's like,

689
00:45:56,947 --> 00:45:58,787
hey, tell me what you're teaching my kids.

690
00:45:58,987 --> 00:46:01,527
But I'm slowly creeping there to be like,

691
00:46:01,607 --> 00:46:03,207
all right, tell me about-

692
00:46:03,207 --> 00:46:05,287
I think you'd be a nightmare to be a parent at this school.

693
00:46:06,967 --> 00:46:10,247
I'm just, I'm more interested in the tools

694
00:46:10,247 --> 00:46:14,147
that they're using to help with the education process

695
00:46:14,147 --> 00:46:16,647
because I do think each kid learns differently.

696
00:46:17,127 --> 00:46:18,727
And I think we're at a unique time

697
00:46:18,727 --> 00:46:22,187
where we can create unique learning plans for each

698
00:46:22,187 --> 00:46:24,327
and tailor them for each individual kid.

699
00:46:24,767 --> 00:46:26,607
But going back to that, it's-

700
00:46:26,947 --> 00:46:30,347
It's literally anything that is super creative.

701
00:46:30,827 --> 00:46:31,847
I just want them to do.

702
00:46:32,507 --> 00:46:35,947
One other area, and I don't know if it's going to be right,

703
00:46:36,047 --> 00:46:41,387
but being able to confidently dictate and enunciate your thoughts

704
00:46:41,387 --> 00:46:43,867
into a clear, thoughtful sentence,

705
00:46:44,727 --> 00:46:47,207
prompt engineering is going to be a must-have.

706
00:46:47,747 --> 00:46:50,527
So my ability to go into ChatGPT or whatever

707
00:46:50,527 --> 00:46:51,827
and prompt it to do whatever.

708
00:46:51,827 --> 00:46:55,967
You may say, hey, draw me this cartoon.

709
00:46:55,967 --> 00:47:07,847
But if my daughter is like, draw me this elaborate blah, blah, blah, and adds like, you know, a million different adjectives and knows how to talk and make the AI dance, that's a superpower for her.

710
00:47:08,047 --> 00:47:16,127
So one thing we do, I drive her to school every single morning, is we call the AI thing on my phone a question mark.

711
00:47:16,467 --> 00:47:19,627
And it's like, what's a question we want to ask our friend today?

712
00:47:19,907 --> 00:47:25,267
And she's like, why do birds hang on electric poles or whatever she asked?

713
00:47:25,267 --> 00:47:30,447
I was like, oh, great question. Okay. And then she's just talking with the AI. And then you can

714
00:47:30,447 --> 00:47:35,147
see when she tenses up, she's like, I don't know what to ask. I'm like, you just asked me that

715
00:47:35,147 --> 00:47:40,787
question. Just go ahead and ask it into the phone. And so you could see her confidence slowly just

716
00:47:40,787 --> 00:47:46,487
build up over time. And then she gets a little bit better. I mean, she's not like great at it,

717
00:47:46,527 --> 00:47:50,107
but she's just getting a little bit better, a little bit better. Then all of a sudden,

718
00:47:50,107 --> 00:47:55,747
you know, over time when I don't know at what age they introduce computers and all this other stuff,

719
00:47:56,127 --> 00:48:00,887
she'll be like, well, why am I typing into this? Why don't I just talk into this? And by the way,

720
00:48:00,887 --> 00:48:06,327
why are we, you know, asking a search engine that's kind of static, giving me the written

721
00:48:06,327 --> 00:48:12,747
form back? Why don't I talk to this? Why isn't it talking back to me? And that's how I get my

722
00:48:12,747 --> 00:48:17,827
answer. And by the way, I can tell it to provide me the answer too. So there's just a number of

723
00:48:17,827 --> 00:48:22,427
different ways where I'm like, you know, everyone's like, oh, we shouldn't introduce AI in schools and

724
00:48:22,427 --> 00:48:27,207
and all this other stuff. That's insane to me. It seems like that's like banning an abacus or

725
00:48:27,207 --> 00:48:32,107
a calculator. Imagine banning the internet and you're like, hey, man, I need you to do this by

726
00:48:32,107 --> 00:48:38,687
hand with a written pencil. That is not a real world use case, even in the slightest. I don't

727
00:48:38,687 --> 00:48:43,147
care if you're in the Amazon, you're not calculating anything. If you're stuck in the Amazon, like

728
00:48:43,147 --> 00:48:51,827
just not. And so, um, I would just say that that's where being an active parent, you know,

729
00:48:52,027 --> 00:48:56,747
it gives, you know, especially if you're a curious parent, which I am very curious about a number of

730
00:48:56,747 --> 00:49:02,067
different things. Um, you can be more involved with your kids and you don't have to, it's not

731
00:49:02,067 --> 00:49:05,767
like bringing the devices in there where they're, you know, it's a bunch of screen time. You can

732
00:49:05,767 --> 00:49:11,627
make it more conversational and more, uh, family oriented. One of the things that I am a little bit

733
00:49:11,627 --> 00:49:16,727
Doomer on AI is what it does to the internet. Because I've seen like a few reports and like

734
00:49:16,727 --> 00:49:21,307
the number, the like amount of new content going on the internet, the reports vary, but it's like

735
00:49:21,307 --> 00:49:27,607
40 to 75% of it is AI generated. And you see all like that absolute AI slop that ends up on Twitter

736
00:49:27,607 --> 00:49:32,707
and it's just so uninteresting. Like, do you think it makes the internet an unusable place?

737
00:49:33,647 --> 00:49:38,367
Well, for me, it doesn't personally because... But maybe in the future is what I'm really

738
00:49:38,367 --> 00:49:44,507
thinking here? I don't think so. I mean, I think probably people made that same argument when the

739
00:49:44,507 --> 00:49:50,247
dot-com era was born. It's like when Prodigy and AOL, they're like, wait a minute, why are they

740
00:49:50,247 --> 00:49:55,047
talking about, this is the dumbest thing. This is just a bunch of slop and crap on the internet.

741
00:49:55,347 --> 00:50:01,007
And we can't even search for it really well, or it's disorganized or, you know, even the AI

742
00:50:01,007 --> 00:50:07,527
clipping, right? At the beginning, it was really crap. Now it's pretty good. I do think you need

743
00:50:07,527 --> 00:50:08,867
a human in the loop.

744
00:50:08,867 --> 00:50:10,887
And that's where I think there's two spectrums

745
00:50:10,887 --> 00:50:13,667
in terms of hiring, to be honest with you.

746
00:50:13,667 --> 00:50:17,167
It's one is like if you're mediocre, you're dead,

747
00:50:17,167 --> 00:50:19,467
like just straight up, go find something.

748
00:50:19,467 --> 00:50:33,720
You got to be like gives you so much energy and that you strive to be the best at Because if you if you don find that you pretty DOA in any of these things because over time an AI agent or something will just take your work

749
00:50:34,300 --> 00:50:38,180
But if you're the best at AI clips, for example,

750
00:50:38,260 --> 00:50:41,180
you're like, yeah, I know how to make Riverside

751
00:50:41,180 --> 00:50:44,240
to whatever dance better than anybody else out there.

752
00:50:44,240 --> 00:50:45,481
And I'm so energized,

753
00:50:45,720 --> 00:50:48,320
but I'll always be at the forefront of this space.

754
00:50:48,580 --> 00:50:49,760
I'm gonna go kill it.

755
00:50:50,040 --> 00:50:51,700
And you can literally write your own check

756
00:50:51,700 --> 00:50:54,880
because you'd be like, okay, for one clip for Danny,

757
00:50:55,060 --> 00:50:57,960
I could help him make an extra 50,000 bucks.

758
00:50:58,220 --> 00:50:59,540
What does that mean for his business?

759
00:50:59,680 --> 00:51:03,600
If I did 10 of those, cool, or 100 of those, great.

760
00:51:04,300 --> 00:51:07,500
Would that justify a $100,000 contract with Danny?

761
00:51:07,720 --> 00:51:09,620
And then I could go do that with 10 other Dannys?

762
00:51:10,000 --> 00:51:11,200
Maybe, I have no idea.

763
00:51:11,620 --> 00:51:13,200
But that's how I would be looking at it

764
00:51:13,200 --> 00:51:14,700
if I was an entrepreneur.

765
00:51:14,940 --> 00:51:16,160
But going back to the kid's side,

766
00:51:16,981 --> 00:51:19,320
this is why I think a parent that's an entrepreneur

767
00:51:19,320 --> 00:51:25,300
is so valuable is because I think the days of just being like, okay, I'm going to go to school,

768
00:51:25,481 --> 00:51:29,160
I'm going to work really hard. I'm going to go get a job at Google, or I'm going to go get a job

769
00:51:29,160 --> 00:51:34,240
at this company. Those big tech companies, they're not, there's no safety net anymore.

770
00:51:34,760 --> 00:51:40,240
I think the safety net is going to be in the entrepreneurial journey. And I think it's going

771
00:51:40,240 --> 00:51:46,920
to not force, but it's going to be an amazing renaissance of small business owners. I think

772
00:51:46,920 --> 00:51:51,600
it's going to be. And by the way, it does not, does not even have to be in the, a podcaster to

773
00:51:51,600 --> 00:51:58,920
a techie or to an influencer. Absolutely not. You could go and take over a tire shop. Uh, and by

774
00:51:58,920 --> 00:52:04,280
the way, I'm very bullish on these freaking tire companies tangent because like every month one of

775
00:52:04,280 --> 00:52:08,981
my tires is flat and I'm just like spending 200 bucks every month fixing them. I'm like another

776
00:52:08,981 --> 00:52:13,580
life. If any of my kids would just want to go to a trade school, I will be the first to support them

777
00:52:13,580 --> 00:52:17,100
and be like, okay, go be the best tire changer guy,

778
00:52:17,340 --> 00:52:18,220
whatever it may be.

779
00:52:18,640 --> 00:52:21,440
But I think there's AI tooling within that workflow.

780
00:52:21,580 --> 00:52:24,500
Just think about those archaic systems

781
00:52:24,500 --> 00:52:26,280
and the archaic way they communicate

782
00:52:26,280 --> 00:52:27,420
with their customer base.

783
00:52:27,600 --> 00:52:29,880
And you're introducing just new novel ways

784
00:52:29,880 --> 00:52:30,800
of working with them,

785
00:52:31,160 --> 00:52:33,200
new novel ways of working with your employee base,

786
00:52:33,300 --> 00:52:36,320
new novel ways of just selling your product or services.

787
00:52:37,120 --> 00:52:38,560
Man, it is so, like,

788
00:52:39,560 --> 00:52:41,520
it does not even scratch the surface

789
00:52:41,520 --> 00:52:44,920
of what the future unfolds.

790
00:52:44,981 --> 00:52:46,740
So to your point, I couldn't agree more.

791
00:52:46,800 --> 00:52:48,800
A 12-year-old or even a 16-year-old,

792
00:52:49,000 --> 00:52:51,000
maybe in college, I'd be a little bit more nervous.

793
00:52:51,240 --> 00:52:53,240
And I'd always have my head on a swivel,

794
00:52:53,460 --> 00:52:55,720
even at 40 plus years old that I am,

795
00:52:55,780 --> 00:52:57,160
I have my head on a big time swivel.

796
00:52:58,160 --> 00:53:00,200
But like my six-year-old, my five-year-old,

797
00:53:00,280 --> 00:53:02,340
my three-year-old and my two-year-old,

798
00:53:02,720 --> 00:53:05,040
I'm just always constantly looking at them and saying,

799
00:53:05,140 --> 00:53:07,500
okay, what are the things that they're passionate about

800
00:53:07,500 --> 00:53:10,420
and continue to support, whatever that may be.

801
00:53:10,420 --> 00:53:13,700
I am playing zero bias in that whole game.

802
00:53:14,460 --> 00:53:16,380
Yeah, I do think those kind of blue collar jobs,

803
00:53:16,620 --> 00:53:18,660
they're going to be the ones that are the last to go.

804
00:53:18,820 --> 00:53:20,981
And one of my friends recently moved career

805
00:53:20,981 --> 00:53:22,800
from being like a very traditional normal career

806
00:53:22,800 --> 00:53:25,260
to he was like, not enjoying it, fed up,

807
00:53:25,360 --> 00:53:26,460
I'm going to just become a plumber.

808
00:53:26,820 --> 00:53:29,920
And this wasn't because of AI, but that's a genius move.

809
00:53:30,100 --> 00:53:32,100
Like AI will replace the job he was doing,

810
00:53:32,460 --> 00:53:35,460
but right now until we get really good robotics,

811
00:53:35,580 --> 00:53:36,640
it's not going to replace your plumber.

812
00:53:36,920 --> 00:53:40,120
So can I, okay, agreed.

813
00:53:40,120 --> 00:53:45,360
And then let me tell you about the convergence on something like plumbing or HVAC that I think could happen.

814
00:53:46,100 --> 00:53:49,120
So, and I got to give Tyler Stevens a shout out.

815
00:53:49,280 --> 00:53:49,600
His company.

816
00:53:49,640 --> 00:53:50,280
I love Tyler.

817
00:53:50,740 --> 00:53:51,400
Yeah, he's great.

818
00:53:51,620 --> 00:53:53,000
You should get him on the pod too.

819
00:53:53,140 --> 00:53:54,100
He's amazing.

820
00:53:55,760 --> 00:54:02,720
Just think about what if your home heating system was powered by Bitcoin miners?

821
00:54:02,900 --> 00:54:04,160
So you're monetizing it.

822
00:54:04,160 --> 00:54:12,720
What if the service folks knew that and knew how to service it and created an incentive model with you such that you didn't even pay for your unit?

823
00:54:13,060 --> 00:54:19,820
So a unit that I think I paid six grand to replace or maybe even 10 grand to replace my unit bothered me to no end.

824
00:54:20,540 --> 00:54:25,300
What if the guy was like, Tyler was like, hey, man, it's zero dollars for you today.

825
00:54:25,300 --> 00:54:29,620
but the rev share model is I take 80% of the sats

826
00:54:29,620 --> 00:54:32,860
and you take 20% or whatever it is

827
00:54:32,860 --> 00:54:35,040
until I make my 10 grand back.

828
00:54:35,240 --> 00:54:37,520
And then it flips back to 80, 20

829
00:54:37,520 --> 00:54:42,420
and 20% is basically my monthly service fee.

830
00:54:42,920 --> 00:54:44,560
And by the way, now I have an incentive

831
00:54:44,560 --> 00:54:47,800
to come out to your home and going back to Proto Fleet.

832
00:54:48,320 --> 00:54:50,260
Proto Fleet is their fleet management software.

833
00:54:50,720 --> 00:54:52,080
So I think there is some AI tooling

834
00:54:52,080 --> 00:54:54,120
and you gotta be careful about like throwing around AI

835
00:54:54,120 --> 00:54:55,001
all the time.

836
00:54:55,300 --> 00:54:58,020
Like AI does not need to be in every single freaking application.

837
00:54:58,320 --> 00:55:01,940
There's so many applications where I'm like, disallow the AI, disallow.

838
00:55:02,120 --> 00:55:05,180
You're just like, I do not need you in this application right now.

839
00:55:05,400 --> 00:55:10,540
But that's one where it could be proactive to sense like, oh, there's an irregularity

840
00:55:10,540 --> 00:55:11,400
with the fan speed.

841
00:55:11,520 --> 00:55:15,940
And we've, you know, looked at our entire data set and noticed that there's a common

842
00:55:15,940 --> 00:55:21,720
issue with that type of the way the fan is acting that we think in the next 32 days that

843
00:55:21,720 --> 00:55:22,940
that fan could go down.

844
00:55:23,160 --> 00:55:24,300
You may want to go look at it.

845
00:55:24,300 --> 00:55:25,400
So it's a yellow right now.

846
00:55:25,520 --> 00:55:26,900
And then it becomes a red 10 days.

847
00:55:27,340 --> 00:55:29,360
And it's like, holy smokes, let's go replace that.

848
00:55:29,860 --> 00:55:32,820
But imagine like Tyler then sees that data.

849
00:55:33,200 --> 00:55:36,340
All you care about is it's the winter.

850
00:55:36,960 --> 00:55:39,760
I want to freaking heat my home, okay?

851
00:55:40,160 --> 00:55:41,160
The heat's got to be on.

852
00:55:41,540 --> 00:55:45,600
I don't need to call you up, you know, when it breaks and the heat, you know, I'm one

853
00:55:45,600 --> 00:55:46,880
or two days out of heat.

854
00:55:46,880 --> 00:55:52,620
And now Tyler has an incentive to make sure your home is functioning at like the highest

855
00:55:52,620 --> 00:55:59,720
possible usage as possible. So there's a really amazing convergence between Bitcoin, AI,

856
00:56:00,481 --> 00:56:07,040
energy use, open source freedom tech tools. By the way, all of these tooling that Tyler and

857
00:56:07,040 --> 00:56:11,380
Exergy could be using are all in these open source home mining tools. So like open source

858
00:56:11,380 --> 00:56:16,540
firmware to control the miner. There's just on a number of different fronts there.

859
00:56:17,260 --> 00:56:20,520
Yeah. For anyone that doesn't know, Tyler's doing heating with using Bitcoin mining. And I think

860
00:56:20,520 --> 00:56:24,420
he's now got it up and running out of the space. He showed me his rig there when I was over there

861
00:56:24,420 --> 00:56:29,760
a few months ago. It's a very cool project. Guys, there's like hundreds of Tylers out there,

862
00:56:29,981 --> 00:56:36,640
and we're going to discover thousands of Tylers out there. I truly believe it. The more we can

863
00:56:36,640 --> 00:56:41,400
talk about it, the more we got great folks like you guys, you, Danny, doing the What Bitcoin Did

864
00:56:41,400 --> 00:56:47,720
podcast, other podcasts out there that shine a light on all the cool stuff that's happening in

865
00:56:47,720 --> 00:56:52,380
Bitcoin and Bitcoin mining, people will be like, wait a minute, I own a duplex in Western Mass.

866
00:56:52,940 --> 00:56:58,780
Hey, how do I do that with my place? I want to, I want to heat my, I don't, screw paying the

867
00:56:58,780 --> 00:57:03,820
electricity bill. I already, it's a sunk cost, 400, 500, a hundred dollars a month, whatever that may

868
00:57:03,820 --> 00:57:09,260
be. And by the way, I have tenants in there that it's all in part of the rent because my rent is

869
00:57:09,260 --> 00:57:14,780
tough to, you know, I got to provide extra incentives. I might as well just put a home mining,

870
00:57:14,780 --> 00:57:21,501
heat it with home miners so that even if they jack it up, at least I'm getting the sats from it.

871
00:57:21,660 --> 00:57:26,340
Yeah, it's very cool. But so everything you've talked about here is that convergence between

872
00:57:26,340 --> 00:57:31,960
Bitcoin AI energy. And you're doing Imagine If now in Nashville in, is it less than a month ago,

873
00:57:31,960 --> 00:57:38,800
I think? 25 days. Tell everyone about this. What's going on? Yeah. So Imagine If has been this idea

874
00:57:38,800 --> 00:57:40,760
I've been thinking a lot about.

875
00:57:41,600 --> 00:57:43,560
Honestly, I've been really fortunate.

876
00:57:44,220 --> 00:57:46,860
I'm not a podcaster, but I don't know.

877
00:57:46,981 --> 00:57:48,460
But you've got three podcasts or something.

878
00:57:48,460 --> 00:57:50,160
Yeah, I don't know.

879
00:57:50,640 --> 00:57:52,140
Matt and you are the podcasters.

880
00:57:52,900 --> 00:57:54,320
And you guys are crushing it.

881
00:57:54,540 --> 00:57:58,020
But I've been very fortunate to do one with Eco,

882
00:57:58,620 --> 00:58:03,880
Pot256, which is focused on Bitcoin and Bitcoin mining.

883
00:58:04,840 --> 00:58:08,481
And then I do a monthly Bitcoin podcast with Kathy Wood,

884
00:58:08,481 --> 00:58:11,001
who's the founder, CEO, and CIO at ARK Invest.

885
00:58:11,481 --> 00:58:13,001
And that's called Bitcoin Brainstorm.

886
00:58:13,501 --> 00:58:16,981
So she's been very kind for the last almost two years now.

887
00:58:17,380 --> 00:58:19,680
She's been like, Rod, you create and curate the audience.

888
00:58:19,920 --> 00:58:22,520
We will produce and distribute it across our platforms.

889
00:58:22,820 --> 00:58:25,080
And I'd like to be there for the podcast.

890
00:58:25,481 --> 00:58:27,360
I was like, heck yeah, Kathy, let's rock.

891
00:58:27,700 --> 00:58:30,001
Honestly, I thought she would just do one episode.

892
00:58:30,280 --> 00:58:31,360
She's busy, blah, blah, blah.

893
00:58:32,040 --> 00:58:34,300
Dude, she has not missed one episode with me.

894
00:58:34,300 --> 00:58:35,420
It's been unbelievable.

895
00:58:35,420 --> 00:58:41,840
I mean, and I've had like our Bitcoin friends there, they range the spectrum, right?

896
00:58:42,001 --> 00:58:46,120
You know, you know, I've brought Luke on, I've brought Rockstar on, I've brought like

897
00:58:46,120 --> 00:58:49,620
everybody on, not did not bat one eye.

898
00:58:49,660 --> 00:58:50,560
It's like, let's rock.

899
00:58:50,620 --> 00:58:51,380
Let's talk about this.

900
00:58:51,420 --> 00:58:52,180
Let's talk about that.

901
00:58:52,520 --> 00:58:56,900
And, uh, you know, I've had Eric Hurstman on Harry on Odell on Maulers on everyone.

902
00:58:57,020 --> 00:59:00,040
It's been so freaking cool anyways.

903
00:59:00,420 --> 00:59:04,520
So, and she's been like kind of incepting this in me and I've been thinking a lot about

904
00:59:04,520 --> 00:59:08,501
it, because especially on the AI side, but really on the energy side, because that's been a big

905
00:59:08,501 --> 00:59:15,300
focus at the park. And I want to always bring the conversation back to the importance of free and

906
00:59:15,300 --> 00:59:20,140
open source software, because sometimes it gets lost in the entire conversation. Like, hey,

907
00:59:20,140 --> 00:59:25,020
we're talking about treasury companies this like next cycle, or we're talking about XYZ. And it's

908
00:59:25,020 --> 00:59:30,840
like, wait a minute, guys, closed source, proprietary, highly regulated moats are not the

909
00:59:30,840 --> 00:59:36,820
way Bitcoin succeeds long term for 8 billion people. Let's continue to bring it back to make

910
00:59:36,820 --> 00:59:41,700
this attainable, to run a full node and the importance of that to custody your own Bitcoin

911
00:59:41,700 --> 00:59:48,180
and to use Bitcoin the way you want to use it. And so with Imagine If, I wanted to bring,

912
00:59:48,320 --> 00:59:52,940
you know, between 300 or 500 folks that are from capital allocators to policymakers,

913
00:59:52,940 --> 00:59:58,981
to entrepreneurs, to energy producers, and personally invite them to come and experience

914
00:59:58,981 --> 01:00:05,780
this and it's the it's a summit of summits and kathy's in dr laffer's in adam back's coming

915
01:00:05,780 --> 01:00:10,920
odell's coming i mean they'll just go look at the speaker list there's going a number of speakers

916
01:00:10,920 --> 01:00:14,260
are going to be featured there's going to be a number of speakers we don't even announce we just

917
01:00:14,260 --> 01:00:20,580
announce them you know post facto um and that's i think what makes the park pretty special in terms

918
01:00:20,580 --> 01:00:26,040
of the uh experiences we create at the park we have a no photos and no social media policy

919
01:00:26,040 --> 01:00:53,440
For this one, probably on the stage level, we'll obviously have photos and video and we'll do video recording. But I think I'm cautiously optimistic that this will be a really special one. And I hope this becomes like a more of like a based TED if you're into that TED. And if you're if you know the All In Summit, which I think those guys do a really, really good job. This one is more focused on the freedom tech side.

920
01:00:53,440 --> 01:01:03,240
So if you're interested in Bitcoin, AI, energy and open source freedom tech, consider signing up and getting a spot.

921
01:01:04,140 --> 01:01:07,080
I think it's really cool because like there's a million Bitcoin conferences now.

922
01:01:07,300 --> 01:01:10,960
There's probably quite literally one every week all over the world.

923
01:01:11,100 --> 01:01:13,300
But a lot of them are kind of the same format.

924
01:01:13,740 --> 01:01:18,260
I think a few run for like a year or two, have a load of hype and then end up dying down a little bit.

925
01:01:18,520 --> 01:01:21,020
Like with Cheat Code in Bedford, we try and do things a bit differently.

926
01:01:21,020 --> 01:01:26,100
we try and make that a really fun event the football is a central part of it um so we normally

927
01:01:26,100 --> 01:01:30,860
have like one day of conference we might actually go to two this year but we'll see um and then

928
01:01:30,860 --> 01:01:34,340
there's the football date where everyone just drinks beer hangs out has a good time and i think

929
01:01:34,340 --> 01:01:38,620
that is the day that everyone enjoys the most because really people want to go and see their

930
01:01:38,620 --> 01:01:43,120
favorite bitcoiners and hang out and just chat um what you've done is kind of lean into the other

931
01:01:43,120 --> 01:01:50,080
side where this is just going to be education like a very serious full day of content i think that's

932
01:01:50,080 --> 01:01:54,280
the way these events are going to actually survive there's obviously the big bitcoin conference which

933
01:01:54,280 --> 01:01:59,560
you worked on back in the day right yeah um that's obviously that's here to stay that's absolutely

934
01:01:59,560 --> 01:02:03,120
crushing they get an insane amount of people but otherwise i think you have to differentiate

935
01:02:03,120 --> 01:02:08,940
yourself in some way and i think this is a really interesting idea yeah i would i would break it

936
01:02:08,940 --> 01:02:16,680
down into two areas again we have one or i have a kind of a mental model which is how do we make

937
01:02:16,680 --> 01:02:22,180
this the best Bitcoin experience and best Bitcoin and freedom tech experience you'll ever experience,

938
01:02:22,481 --> 01:02:26,780
right? Full stop. Even compared to other Bitcoin parking experiences, how do we continue to make

939
01:02:26,780 --> 01:02:32,020
this the best experience? There's three currencies, in my opinion, time, capital, and reputation.

940
01:02:32,580 --> 01:02:37,481
You're using arguably one of your most important currencies, which is your time to physically come

941
01:02:37,481 --> 01:02:43,960
to Bedford, to Nashville, to Austin, wherever. And I do not sleep on that in the slightest or take

942
01:02:43,960 --> 01:02:48,360
that for granted. So I'm like, all right, how do we make this the one day or two days, the best

943
01:02:48,360 --> 01:02:55,481
possible experience? And I look at it into two kind of simple takeaways. One is their specific

944
01:02:55,481 --> 01:03:00,800
knowledge and specific is the key word, specific knowledge that I otherwise would not have attained

945
01:03:00,800 --> 01:03:07,620
without being here physically. Right. And so it's like, okay, how do I get the best

946
01:03:07,620 --> 01:03:13,420
conversation going with Kathy and Dr. Laffer? Oh, Bitstein, for example, we're going to announce

947
01:03:13,420 --> 01:03:19,160
him as one of the speaker. I put Bitstein and Adam back together. You know, Bitstein's only met

948
01:03:19,160 --> 01:03:23,820
Adam two times in his life. I'm like, are you serious? So we were doing some prep work and so

949
01:03:23,820 --> 01:03:29,940
on. And I'm like, Bitstein, I think this is going to be one of the best just fireside chats ever

950
01:03:29,940 --> 01:03:37,580
because your curiosity and your deep understanding of the philosophy, economics, and technical aspects

951
01:03:37,580 --> 01:03:45,300
of Bitcoin and the way you can probe and get that out of a guy like Adam back on stage,

952
01:03:45,600 --> 01:03:49,760
I think that could just be magical. And so I'm trying to create all these different magical

953
01:03:49,760 --> 01:03:55,640
experiences, you know, such that people be like, okay, I just, just that one panel was worth the

954
01:03:55,640 --> 01:04:00,820
price of admission, worth my time and my reputation. I always want to be around all these folks.

955
01:04:00,820 --> 01:04:19,440
And the second one is networking. This is a weird thing and it's probably not the best thing, but I'm going to do it until I can't do it anymore, which is we curate the audience as well because there is a price tag.

956
01:04:19,440 --> 01:04:22,360
Our summits are $500 per ticket.

957
01:04:22,620 --> 01:04:25,840
We've had the same price since we started it in 2023.

958
01:04:26,460 --> 01:04:29,680
NEMS all the way up until every single summit we've done

959
01:04:29,680 --> 01:04:31,620
and we've kept the price the same ticket.

960
01:04:31,780 --> 01:04:33,560
And there's only a finite number of tickets there.

961
01:04:34,220 --> 01:04:36,320
For Imagine If, it's a summit of summits.

962
01:04:36,540 --> 01:04:37,981
I think four of these summits.

963
01:04:38,440 --> 01:04:40,140
So again, I'm on the left side of the bell curve.

964
01:04:40,220 --> 01:04:42,680
I was like four times five minus one.

965
01:04:42,920 --> 01:04:44,160
That's $1,999.

966
01:04:44,740 --> 01:04:46,420
Great, that's the price of this ticket.

967
01:04:46,780 --> 01:04:49,200
And I'm like, all right, what does the value need to,

968
01:04:49,200 --> 01:04:54,660
like, how can we justify this value in the audience seat? And that's why I want to make

969
01:04:54,660 --> 01:05:00,160
sure that when you're investing that capital, that is the best possible experience. Now,

970
01:05:00,200 --> 01:05:07,700
with that said, 90 plus percent of our meetups and workshops are free and open to the public too,

971
01:05:08,160 --> 01:05:15,540
which is just, I love that because you get any person, whether you're a college student or a

972
01:05:15,540 --> 01:05:18,120
retiree grandparent that wants to learn about custody,

973
01:05:18,360 --> 01:05:19,240
that wants to learn like,

974
01:05:19,540 --> 01:05:21,540
hey, I heard about this thing called Noster.

975
01:05:22,120 --> 01:05:23,800
Can you tell me a little bit more about this?

976
01:05:23,900 --> 01:05:26,100
Or they just wanna be around like-minded people.

977
01:05:26,300 --> 01:05:27,720
And I think there's a responsibility

978
01:05:27,720 --> 01:05:29,160
going back to your Brisbane meetup,

979
01:05:29,400 --> 01:05:30,820
going back to the meetups in Austin,

980
01:05:31,440 --> 01:05:34,840
going back like meetups in Albuquerque, New Mexico.

981
01:05:35,240 --> 01:05:37,760
I think there's a responsibility of Bitcoiners

982
01:05:37,760 --> 01:05:40,800
that have the means and have the desire and energy

983
01:05:40,800 --> 01:05:42,920
to start a meetup

984
01:05:42,920 --> 01:05:46,700
and just to be that signal amongst their community.

985
01:05:47,001 --> 01:05:48,360
Because I do think,

986
01:05:48,600 --> 01:05:50,520
especially when you go down the YouTube rabbit holes,

987
01:05:50,860 --> 01:05:51,880
down the Twitter rabbit holes,

988
01:05:52,680 --> 01:05:56,360
you know, I like Trump's doing a lot of really good things

989
01:05:56,360 --> 01:05:56,900
in my opinion.

990
01:05:57,220 --> 01:05:59,560
One of which I completely disagree with,

991
01:05:59,660 --> 01:06:00,800
which is these meme coins

992
01:06:00,800 --> 01:06:02,260
and then just putting out that grift.

993
01:06:02,780 --> 01:06:04,920
It's like when people are like,

994
01:06:04,981 --> 01:06:05,900
well, if the president's doing,

995
01:06:06,160 --> 01:06:08,040
there's just a lot of different noise

996
01:06:08,040 --> 01:06:09,900
and different things going out there

997
01:06:09,900 --> 01:06:11,740
that as Bitcoiners,

998
01:06:11,740 --> 01:06:17,700
again, more power to you. You can do you and do whatever you think is best. If you think what's

999
01:06:17,700 --> 01:06:25,640
best for Bitcoin is educating the populace on how to use Bitcoin, how to save in Bitcoin,

1000
01:06:25,880 --> 01:06:31,800
and all the great benefits of Bitcoin, then I think playing a role in this, whether it's starting

1001
01:06:31,800 --> 01:06:38,580
a conference, starting a meetup, being an educator, I think is massive. Well, I think it's very cool.

1002
01:06:38,580 --> 01:06:40,120
I wish I could be there this year

1003
01:06:40,120 --> 01:06:41,520
I'm not going to be able to make it unfortunately

1004
01:06:41,520 --> 01:06:43,700
but next year I will 100% be there

1005
01:06:43,700 --> 01:06:46,080
and I'm going to be in Nashville in October

1006
01:06:46,080 --> 01:06:46,800
so I'm excited

1007
01:06:46,800 --> 01:06:48,400
we've got to try and play some golf again

1008
01:06:48,400 --> 01:06:50,920
we could absolutely do that man

1009
01:06:50,920 --> 01:06:52,280
alright well Rod

1010
01:06:52,280 --> 01:06:53,620
I really appreciate the time

1011
01:06:53,620 --> 01:06:55,400
this has been a lot of fun

1012
01:06:55,400 --> 01:06:57,320
dude thank you so much Danny

1013
01:06:57,320 --> 01:06:58,180
the pleasure was all mine

1014
01:07:08,580 --> 01:07:38,560
Thank you.