1
00:00:00,000 --> 00:00:05,040
these are recorded this will this will go out saturday morning august uh

2
00:00:05,040 --> 00:00:12,320
9th okay it's 9th this will hit recording on august 5th freaks

3
00:00:12,320 --> 00:00:18,400
the man the myth legend himself rod rudy

4
00:00:18,400 --> 00:00:25,160
here to talk uh i mean we're just talking about entrepreneurship it's fun it's fun being an

5
00:00:25,160 --> 00:00:32,580
entrepreneur. You're getting DMS. Dude, it is the best time to be alive, to start, especially the

6
00:00:32,580 --> 00:00:38,580
U S just to start a side hustle or a business. I know we like touched on it and re riffed on it

7
00:00:38,580 --> 00:00:44,800
for like the last two or three episodes we've done, but dude, just the tooling. I know this

8
00:00:44,800 --> 00:00:47,940
is the podcast where you asked me questions. I want to ask you a couple of questions like that

9
00:00:47,940 --> 00:00:54,340
opportunity costs app that you created. Like how did you even, I mean, we alluded to it,

10
00:00:54,340 --> 00:00:55,300
I think on the last pod,

11
00:00:55,420 --> 00:00:57,560
but the fact that again,

12
00:00:57,560 --> 00:00:59,740
I'll put myself on the left side of the bell curve.

13
00:00:59,740 --> 00:01:03,760
A guy like me can just spin up a quick hustle or a quick,

14
00:01:03,860 --> 00:01:04,640
uh,

15
00:01:04,840 --> 00:01:05,620
side business.

16
00:01:05,840 --> 00:01:08,860
Like no problem is unbelievable.

17
00:01:08,860 --> 00:01:10,140
Like this opportunity costs.

18
00:01:10,220 --> 00:01:10,600
I'm curious,

19
00:01:10,600 --> 00:01:12,220
like how that even came to fruition.

20
00:01:13,760 --> 00:01:14,420
It all,

21
00:01:14,520 --> 00:01:16,580
it all happened at the magic of Bitcoin park,

22
00:01:16,640 --> 00:01:16,960
Austin,

23
00:01:17,080 --> 00:01:17,340
you know,

24
00:01:17,340 --> 00:01:17,660
you had,

25
00:01:17,760 --> 00:01:18,160
uh,

26
00:01:18,720 --> 00:01:22,000
Justin and Anthony running their,

27
00:01:22,000 --> 00:01:27,120
their ai meetup uh in the spring they were they were doing that at a weekly clip so i went to a

28
00:01:27,120 --> 00:01:34,560
couple of those and i've always had this idea tftc obviously a media company we've been around for

29
00:01:34,560 --> 00:01:41,980
eight years and the monetization model is ad driven which is great i love our ad partners and

30
00:01:41,980 --> 00:01:46,560
it's a good business but it's a bit cyclical particularly in the bitcoin industry where

31
00:01:46,560 --> 00:01:50,440
ad dollars dry up when the Bitcoin price goes down.

32
00:01:50,760 --> 00:01:55,480
And so I've always in the back of my mind over the last five years,

33
00:01:55,540 --> 00:01:56,760
specifically, I think during COVID,

34
00:01:57,760 --> 00:02:00,860
trying to think of how to diversify revenue streams here.

35
00:02:00,860 --> 00:02:05,660
And I like to view TFTC as this holding co.

36
00:02:05,860 --> 00:02:10,440
We actually do like our corporate entity name is tftc.io holdings, Inc.

37
00:02:11,320 --> 00:02:16,540
And so we have the media and I've always wanted to sort of,

38
00:02:16,560 --> 00:02:23,740
branch out into product development oriented around Bitcoin. And I'm a big believer in the

39
00:02:23,740 --> 00:02:27,580
best products are ones that you create because you're scratching your own itch. And one of my

40
00:02:27,580 --> 00:02:36,700
itches is like how much Bitcoin am I leaving on the table by sort of spending, I'm going to say

41
00:02:36,700 --> 00:02:41,540
egregiously, but not being conscious of the spending on a day-to-day basis. And to be able

42
00:02:41,540 --> 00:02:45,760
to do that, I think you need to be able to price things in Bitcoin. So that was what I settled on

43
00:02:45,760 --> 00:02:55,640
The initial MVP was a mobile app where I would take a picture of something like my laptop and then it would spit back the price of Bitcoin.

44
00:02:55,780 --> 00:02:58,980
It was hard coded, but it worked as like a prototype and MVP.

45
00:02:59,820 --> 00:03:04,860
And then I showed it to people at the I demoed it at Bitcoin Park Austin.

46
00:03:05,340 --> 00:03:08,380
One of the meetups there where we had a vibe code sort of demo.

47
00:03:08,620 --> 00:03:09,580
And I demoed that.

48
00:03:10,020 --> 00:03:15,460
And I showed it to a couple other people and talked to a good buddy I trust actually in the Nashville area.

49
00:03:15,760 --> 00:03:20,900
who has built a bunch of products and was telling him about the ideas like dude an extension like

50
00:03:20,900 --> 00:03:25,700
this this would like scale on the internet and i was like that's a great idea so i spent

51
00:03:25,700 --> 00:03:33,260
three hours on a saturday just uh having a conversation with chat gbt to spec out

52
00:03:33,260 --> 00:03:38,320
the app told it what i wanted to do which is basically hey i'm looking great to create a

53
00:03:38,320 --> 00:03:44,260
browser extension for chrome and firefox that converts any fiat price to bitcoin i want it to

54
00:03:44,260 --> 00:03:47,800
be open source so when it's be as private as possible i'm not trying to collect anybody's data

55
00:03:47,800 --> 00:03:54,340
and after a couple hours with chat gbt i was like all right here's what the product's gonna look like

56
00:03:54,340 --> 00:04:00,220
and then i was like all right put on your product manager hat and create like a roadmap and spec for

57
00:04:00,220 --> 00:04:07,240
me and it did that and i said okay i'm gonna use replet to build this hell you uh give me the

58
00:04:07,240 --> 00:04:13,860
prompts that I should feed Replist agents to actually build this. And that's essentially what

59
00:04:13,860 --> 00:04:20,800
I did. And then about an hour of iteration on Replit using their agentic framework,

60
00:04:20,800 --> 00:04:28,680
uh, had a working extension where I could sideload it into Chrome and Firefox and it wasn't perfect,

61
00:04:28,680 --> 00:04:33,560
but it worked. And that was really cool. And then at that point for me, as somebody who's not

62
00:04:33,560 --> 00:04:41,280
a developer uh i had a piece of software in my hands that was running in my browsers that i could

63
00:04:41,280 --> 00:04:46,400
hand off to a seasoned developer who actually understood how to get it to the to the across

64
00:04:46,400 --> 00:04:52,940
the finish line and basically was able to hand him the zip files of the side loaded extensions

65
00:04:52,940 --> 00:04:56,660
and was like do you see what we're doing here he's like yes i know exactly how to clean this up and

66
00:04:56,660 --> 00:05:01,840
well make it what you want it to do and that's that's where it led and it's been cool we're

67
00:05:01,840 --> 00:05:07,020
actually working on a mobile app now getting back to the original vision um but it's been fun

68
00:05:07,020 --> 00:05:14,320
you know you touched on a couple things just the ad spend drying up i think traditional models in

69
00:05:14,320 --> 00:05:23,000
general are um there it's the future is going to just be different right and uh i think there's

70
00:05:23,000 --> 00:05:28,320
going to be a lot of these type of apps and i don't know what the monetization model is but

71
00:05:28,320 --> 00:05:34,380
there's going to be other ways for other brands to get their message or product in front of the

72
00:05:34,380 --> 00:05:40,260
right people. Uh, one area that's really interesting. And I mean, I hope we can help

73
00:05:40,260 --> 00:05:45,560
create this category, but it's more on the community driven, uh, spend and marketing spend.

74
00:05:45,680 --> 00:05:52,740
So it's like a lot of brands, you know, kudos to block, you know, supporting, uh, creating spiral

75
00:05:52,740 --> 00:05:57,440
and supporting open or inject supporting open sats. And then you got other brands and companies

76
00:05:57,440 --> 00:06:04,860
supporting um opens uh like things like open sats uh brink and others and i feel like this is the

77
00:06:04,860 --> 00:06:12,040
next area just to to piggyback on that one thread of where dollars and focus may deplete in this one

78
00:06:12,040 --> 00:06:17,600
area but they're going to increase in other areas and uh we're seeing that a little bit here at the

79
00:06:17,600 --> 00:06:23,800
park which is really exciting yeah no that was the crazy thing about this whole experience and still

80
00:06:23,800 --> 00:06:31,180
like how cheap it was like i was able to get the mvp handed off to a developer and i've been paying

81
00:06:31,180 --> 00:06:37,360
him on a contract basis over the last couple months as he's iterated on the extension started

82
00:06:37,360 --> 00:06:42,560
working on the mobile app but it's been we've been able to fund it i don't have to go raise money

83
00:06:42,560 --> 00:06:48,060
for this product and the other beauty of it too is i got to your point about new ways of doing

84
00:06:48,060 --> 00:06:55,720
things i've always had this idea because we've built up a brand uh and a viewership base over

85
00:06:55,720 --> 00:07:01,720
the last eight years is pretty material and i've been following a lot of people i'm sure you've

86
00:07:01,720 --> 00:07:07,740
heard this too but like the the idea that you're gonna like every new company is gonna need a

87
00:07:07,740 --> 00:07:12,420
quote-unquote content creator to get distribution um they're gonna have to partner with a content

88
00:07:12,420 --> 00:07:18,900
creator to to make sure they can get their product into people's hands and um another way to do that

89
00:07:18,900 --> 00:07:23,580
is like if you already have a media business with good distributions to begin launching products i

90
00:07:23,580 --> 00:07:28,380
think most famously we've seen that with mr beast with his chocolate and other things that he's that

91
00:07:28,380 --> 00:07:33,960
he's launched but obviously we're different we're in a different uh sort of lane than mr beast and

92
00:07:33,960 --> 00:07:40,580
so we're focused on bitcoin oriented products um but yeah and i think that's the beauty of it too

93
00:07:40,580 --> 00:07:47,160
another benefit of it being so cheap to experiment and to get these things out is that i think you're

94
00:07:47,160 --> 00:07:52,600
going to be able to find ways to monetize faster so it's like the the browser extension that's

95
00:07:52,600 --> 00:07:58,420
completely mit open source anybody can fork it do what they want with it access it but i think

96
00:07:58,420 --> 00:08:03,240
and people have done that already i've seen in the github but i think because of our distribution

97
00:08:03,240 --> 00:08:10,700
or brand um we've we've had the ability to get like a material user base like thousands we have

98
00:08:10,700 --> 00:08:14,860
thousands of users already it's going up consistently wow every day and then on top of

99
00:08:14,860 --> 00:08:18,600
that so that's like on the business product side we've used ai to build it and get it

100
00:08:18,600 --> 00:08:22,920
iterate quickly but then on the marketing side too i'm not sure if you've noticed we've been

101
00:08:22,920 --> 00:08:30,140
using google veo 3 create these very emotional educational videos about money being debased

102
00:08:30,140 --> 00:08:33,320
throughout history and themes around Bitcoin.

103
00:08:33,320 --> 00:08:35,220
And it's the fastest.

104
00:08:35,640 --> 00:08:38,920
I've started many X accounts in the past.

105
00:08:39,040 --> 00:08:40,260
I think we launched the opportunity.

106
00:08:40,660 --> 00:08:46,160
I just, in May, I think I secured the opportunity cost app,

107
00:08:46,280 --> 00:08:49,320
op cost, at op cost app on X.

108
00:08:49,560 --> 00:08:52,540
I secured the name, but then we didn't start posting

109
00:08:52,540 --> 00:08:53,780
until like late June.

110
00:08:54,460 --> 00:08:56,280
I think we already have 3,000 followers,

111
00:08:56,520 --> 00:08:58,320
which is like the fastest at 3,000,

112
00:08:58,320 --> 00:09:06,060
but it's leveraging ai tools particularly google vo3 and their video capabilities to create like

113
00:09:06,060 --> 00:09:12,840
marketing material for very cheap too dude yeah i mean probably just nerd out on all this stuff

114
00:09:12,840 --> 00:09:19,020
and i'm cool with that but i couldn't agree more on the workflows i gotta give a shout out to jack

115
00:09:19,020 --> 00:09:26,000
uh jack lesser who runs operations lead at bitcoin park austin i kind of gave him a little bit of

116
00:09:26,000 --> 00:09:31,840
direction. And then he just crushed this Imagine If website, right? And then Rob Warren, who's

117
00:09:31,840 --> 00:09:36,740
leading research education and programming at the park, I was like, hey man, can you experiment

118
00:09:36,740 --> 00:09:42,480
on this, the VAO three or two, whatever it's called on creating these videos. We actually

119
00:09:42,480 --> 00:09:48,280
had a partner of ours create the original Imagine If trailer, but the one, the custody and treasury

120
00:09:48,280 --> 00:09:55,860
summit that we just announced today, that was all done through VAO three. And I'm like, holy smokes,

121
00:09:56,000 --> 00:10:03,140
And by the way, the one thing I keep thinking about is this is not the end product, right?

122
00:10:03,180 --> 00:10:05,740
This is just the initial platform.

123
00:10:05,940 --> 00:10:08,840
It's going to only get exponentially better from here.

124
00:10:08,920 --> 00:10:13,720
I saw Elon tweeted out something about Imagine, which is their video rendering thing.

125
00:10:14,500 --> 00:10:16,380
And I can't wait to experiment with that.

126
00:10:16,840 --> 00:10:23,120
But again, I go back to just that one person sitting Saturday for a few hours, right?

127
00:10:23,120 --> 00:10:24,960
And they're like, I want to create this.

128
00:10:24,960 --> 00:10:26,660
and then they create a video.

129
00:10:27,140 --> 00:10:29,020
Or they create the product first and foremost.

130
00:10:29,460 --> 00:10:30,280
And they're like, okay, cool.

131
00:10:30,340 --> 00:10:30,940
This is the product.

132
00:10:31,040 --> 00:10:32,520
This is the message that I want to get out there.

133
00:10:32,760 --> 00:10:35,620
And they're able to create 90% of the way there,

134
00:10:35,880 --> 00:10:38,500
a almost world-class trailer video.

135
00:10:39,120 --> 00:10:42,980
I look back on the website that we have for Imagine F

136
00:10:42,980 --> 00:10:44,800
and I'm like, you know, this would have probably,

137
00:10:45,500 --> 00:10:46,560
it would have cost me,

138
00:10:46,560 --> 00:10:49,980
I would have spent like six months of development time.

139
00:10:50,680 --> 00:10:52,720
I don't know how many FTEs I would have spent

140
00:10:52,720 --> 00:11:05,200
just to get this level level v1 out and i we did that in less than one day it's just crazy to me

141
00:11:05,960 --> 00:11:14,740
sorry trucks in the background i put it on mute but yeah no it's and i think it's important too

142
00:11:14,740 --> 00:11:20,080
for anybody who's thinking about this i mean you mentioned it with jack but like workflows

143
00:11:20,080 --> 00:11:26,980
important and for the opportunity cost stuff we'll have literally two calls two 30 minute calls a

144
00:11:26,980 --> 00:11:31,280
week typically late at night the developers on the west coast i'll stay up to like 9 30

145
00:11:31,280 --> 00:11:37,400
and we'll just have like a catch-up call twice a week and particularly for the videos like we

146
00:11:37,400 --> 00:11:43,220
have this really cool workflow we'll we'll get together as a group we'll decide on the next

147
00:11:43,220 --> 00:11:49,040
sort of video we want to do the next story the next plot line uh and then we'll storyboard

148
00:11:49,040 --> 00:11:56,080
in person on a call and then we'll take those notes and put them in either claude or chat gbt

149
00:11:56,080 --> 00:12:00,160
to basically like all right here's the story we're trying to tell here's all the

150
00:12:00,160 --> 00:12:10,800
primary resources with the data that we'd like to so we get to the audience and we need you to help

151
00:12:10,800 --> 00:12:16,080
us like come up with a a plot and a storyline and then it gives us like 20 bullet points like okay

152
00:12:16,080 --> 00:12:22,760
here's the storyline and it's like all right let's make a more robust storyboard with an actual

153
00:12:22,760 --> 00:12:29,240
script and then we'll go through that and then beyond that it's like okay going back to what i

154
00:12:29,240 --> 00:12:35,640
did with opportunity cost going from chat gpt to replit it's like okay google vayla 3 really likes

155
00:12:35,640 --> 00:12:42,340
um it works best if you describe what you want in a json file um so we need you to

156
00:12:42,340 --> 00:12:48,700
render this script down to json and make it portable to google vayos three and it does that

157
00:12:48,700 --> 00:12:54,240
and the pace at which we're iterating on the is like we're going to be able to get one out every

158
00:12:54,240 --> 00:12:59,180
we think every week or every other week but we want to make we want to play because it's i'm sure

159
00:12:59,180 --> 00:13:04,320
you've seen it like there's been an explosion of these bitcoin oriented day i generated videos this

160
00:13:04,320 --> 00:13:10,280
summer whether it's paper bitcoin summer or what um fomo 21 what neil and those guys are doing

161
00:13:10,280 --> 00:13:17,080
um but we want to find like this emotional like in-depth storytelling niche and lean into that

162
00:13:17,080 --> 00:13:25,140
and the pace at which we're able to ship it and the cost to do so is insanely low yeah it's it's

163
00:13:26,420 --> 00:13:32,900
the create what did you coin it's like uh at the and i think it was at the park austin uh and jack

164
00:13:32,900 --> 00:13:39,000
had sent it to me and i was laughing um i forgot what you you had coined something around like

165
00:13:39,000 --> 00:13:46,420
it's time for the podcast. The idea guy. Yeah. That's right. To run now. The idea guy can

166
00:13:46,420 --> 00:13:52,320
actually do stuff. Yeah, that's right. That's right. Yeah. No, I mean, shipping with amazing

167
00:13:52,320 --> 00:14:00,020
people, like the two areas I go back to and why I think knock on wood Bitcoin Park over time will

168
00:14:00,020 --> 00:14:14,290
be durable and successful is our focus on the member experience and then having a great core team to deliver upon that experience Just those are take whatever business you have whether you a tire company a freaking custodial services company

169
00:14:14,410 --> 00:14:14,730
whatever,

170
00:14:15,290 --> 00:14:16,450
focus in the people

171
00:14:16,450 --> 00:14:18,070
and you can make magic.

172
00:14:18,710 --> 00:14:19,930
And yeah,

173
00:14:20,050 --> 00:14:21,590
there's no better time to be alive

174
00:14:21,590 --> 00:14:22,310
than right now.

175
00:14:22,830 --> 00:14:23,030
Yeah.

176
00:14:23,370 --> 00:14:24,310
I gotta give a big shout out

177
00:14:24,310 --> 00:14:25,710
to Ed, Moses, and Elijah

178
00:14:25,710 --> 00:14:28,090
at TFTC.

179
00:14:28,930 --> 00:14:29,930
I mean, it's crazy too.

180
00:14:30,030 --> 00:14:30,750
Moses and Elijah,

181
00:14:30,750 --> 00:14:32,650
I think they're like 19 and 17.

182
00:14:33,190 --> 00:14:34,170
Oh, heck yeah.

183
00:14:34,770 --> 00:14:36,590
How did you find them out of curiosity?

184
00:14:37,070 --> 00:14:37,310
Noster.

185
00:14:37,470 --> 00:14:45,130
I saw Moses posting on Noster about being available to do React.js work.

186
00:14:45,430 --> 00:14:54,870
And I think due to my research on how to make opportunity costs as performant as possible, React.js was the recommendation.

187
00:14:54,870 --> 00:15:00,650
I was like, oh, I'm actually looking for somebody and sort of opened up a line of communication there and then was off running.

188
00:15:00,650 --> 00:15:06,210
and then elijah's his brother who happens to be a video producer and so like when we started doing

189
00:15:06,210 --> 00:15:10,250
these videos it's like oh you got a brother that does this like let's uh let's go let's pull him

190
00:15:10,250 --> 00:15:16,030
into the mix you see that yeah but that's like the note we haven't cracked yet is monetizing

191
00:15:16,030 --> 00:15:19,430
yet obviously the extension's open source working on the mobile app but that's

192
00:15:20,150 --> 00:15:24,930
a lot of the discussions we've been having this summer is like all right let's like keep

193
00:15:24,930 --> 00:15:30,450
iterating keep building new stuff and then try to figure out what the audience with the users sort

194
00:15:30,450 --> 00:15:36,930
like lead us to a product that can be monetized. Um, so it's been a fun experience. Yeah. I, I will

195
00:15:36,930 --> 00:15:44,050
say, um, I think, you know, your core, you have a lot of revenue streams, uh, with all the work

196
00:15:44,050 --> 00:15:51,130
that you're doing and what allows you the freedom, uh, is to not think you have to like think

197
00:15:51,130 --> 00:15:56,550
monetization first. You can think cool product first and then downstream it's like, Oh, we can

198
00:15:56,550 --> 00:16:02,350
do this or do that. Um, and that adds to the, to the experience that's at least,

199
00:16:02,350 --> 00:16:06,990
you know, like thinking about the park, it's all about the member experience.

200
00:16:07,250 --> 00:16:12,170
And we've just been continuing to add to the member experience. Whereas we could take these

201
00:16:12,170 --> 00:16:16,290
shortcuts and like do you know, upsell cross sell and all this other stuff. It's like, no,

202
00:16:16,330 --> 00:16:22,350
no. How do we add to the existing member experience, new benefits that increases the

203
00:16:22,350 --> 00:16:27,610
retention and most importantly them to like shout from the top of the roots like roofs like you

204
00:16:27,610 --> 00:16:32,510
should join our meetup or come experience something at the park and i think that's where

205
00:16:32,510 --> 00:16:39,750
guys like you are going to continue to accelerate versus other folks that are just doing quick twitch

206
00:16:39,750 --> 00:16:48,970
things and just trying to get some quick twitch uh money yeah yeah no it feels uh it feels like

207
00:16:48,970 --> 00:16:53,150
Like TFTC, it's funny because I wear the 1031 cap.

208
00:16:54,150 --> 00:17:03,690
And obviously we're investing in companies that need immense amounts of capital to go achieve their goals as they build out critical Bitcoin infrastructure.

209
00:17:06,070 --> 00:17:09,250
But here I have the luxury to bootstrap all this, like the media is bootstrapped.

210
00:17:10,050 --> 00:17:16,650
And I can use the proceeds, the revenue from the media to fund these one-off experiments.

211
00:17:16,650 --> 00:17:45,430
But again, going back to the point, I've had these ideas for many years, but have never felt comfortable to go actually try to execute on them because of the, funnily enough, the opportunity costs and the risk that is involved is like only three or four years ago, if I were to go build something like this, it would probably cost me tens of thousands of dollars where I think collectively over the last four months, like we've, we've invested right around $10,000.

212
00:17:45,430 --> 00:17:50,990
but we have a product out there we've got we're putting out marketing material we're growing our

213
00:17:50,990 --> 00:17:58,770
user base and we sort of have confirmation and i think before we even got confirmation that there's

214
00:17:58,770 --> 00:18:03,370
something here i think we spent like five grand so it's like a five grand investment to get the

215
00:18:03,370 --> 00:18:07,450
product out there and like confirm like there's a there there we should yeah we should lead into

216
00:18:07,450 --> 00:18:14,110
this yeah you know i i think you touched on a couple things like the you know by the way this

217
00:18:14,110 --> 00:18:21,730
maybe a little bit of a tangent, but, um, the crossover I've experienced with 1031 businesses,

218
00:18:21,730 --> 00:18:27,390
uh, has been really interesting. When I say crossover is like, you guys have a portfolio

219
00:18:27,390 --> 00:18:31,630
of, I don't know how many companies you've invested in, maybe 30 or 36, 36 companies.

220
00:18:32,330 --> 00:18:42,730
And, uh, like one example is, uh, we just signed up for, uh, primal studio and, uh, so, and you

221
00:18:42,730 --> 00:18:49,270
also touched on workflows like i cannot stress enough you know as a founder the importance of

222
00:18:49,270 --> 00:18:55,350
really looking into your workflows you know at first i'd been pushing off uh uh implementing

223
00:18:55,350 --> 00:19:00,090
the primal studio because i couldn't see the workflow on the this the small team that we have

224
00:19:00,090 --> 00:19:05,230
now it makes a complete sense and it's like perfectly integrated into our workflow don't

225
00:19:05,230 --> 00:19:10,810
judge me but like the the three audiences that like the park is going to be focused on cultivating

226
00:19:10,810 --> 00:19:20,590
and curating and building, um, X Noster, of course, and believe it or not, LinkedIn, LinkedIn is this

227
00:19:20,590 --> 00:19:28,810
like terrible beast, but people like will engage with you on LinkedIn and actually read your post

228
00:19:28,810 --> 00:19:34,590
because everyone's always looking for a job. And so LinkedIn is that place, uh, for that, I guess.

229
00:19:34,590 --> 00:19:41,930
um but uh and i was i'm losing my train of thought but then we also just signed up for uh

230
00:19:41,930 --> 00:19:49,450
strike business and do you have a strike business account i do or no okay uh that's like at its

231
00:19:49,450 --> 00:19:53,890
infancy right now so going back to the workflow side it's like getting those integrated on the

232
00:19:53,890 --> 00:20:02,230
workflow we had this one issue with zap right which i believe is also a 1031 uh portfolio company

233
00:20:02,230 --> 00:20:16,190
Shout out to Parker, John and Will that we now use their payment link for our event ticketing, which I was also reluctant to actually implement because we had a like a really nice workflow with Typeform.

234
00:20:16,810 --> 00:20:22,050
But now it's just so much easier with using the payment link to actually get paid.

235
00:20:22,050 --> 00:20:27,470
And we integrate it with Strike because like they actually support natively Lightning inside of ZapRite.

236
00:20:27,470 --> 00:20:32,130
And I think they're the only partner on the Bitcoin brokerage side or Bitcoin bank side

237
00:20:32,130 --> 00:20:33,090
that does that.

238
00:20:34,530 --> 00:20:39,650
And so anyways, I don't know why I'm talking about that, but it just makes our life easier

239
00:20:39,650 --> 00:20:43,750
in terms of building these workflows as a very, very small team.

240
00:20:44,910 --> 00:20:47,690
And I'll go back to one other point, which is around focus.

241
00:20:48,170 --> 00:20:52,050
We can only probably ship like three or four major things per year.

242
00:20:52,570 --> 00:20:56,510
And I sleep pretty well at night in general, or I try to.

243
00:20:56,510 --> 00:21:02,390
the one thing I like sometimes keeps me up at night is like is this the most impactful thing

244
00:21:02,390 --> 00:21:08,670
me and the team can be working on like these three or four initiatives right like this imagine if

245
00:21:08,670 --> 00:21:14,670
experience the custody and treasury summit the research uh products that we're launching like

246
00:21:14,670 --> 00:21:21,650
uh this year are these the most impactful uh experiences for the the community I believe them

247
00:21:21,650 --> 00:21:29,570
that to be true, but we'll see. Yeah. What, um, what makes you think these things are now switching

248
00:21:29,570 --> 00:21:34,830
back to my interview seat? What makes you think that these are the most impactful things you can

249
00:21:34,830 --> 00:21:41,990
be working on the share? Yeah. So going back to listening to the members and what they're

250
00:21:41,990 --> 00:21:46,190
kind of like the questions that they're asking and kind of what their focus is on,

251
00:21:46,190 --> 00:21:51,470
and then doing the crossover of like what I'm personally interested in so that it gives me

252
00:21:51,470 --> 00:21:58,350
energy. Dude, this convergence of Bitcoin, AI, energy, and freedom tech is unbelievable. Unbelievable.

253
00:21:58,750 --> 00:22:03,450
We just spent the first, I don't even know, like 15 minutes just talking about AI tooling and how

254
00:22:03,450 --> 00:22:09,510
it's reshaping our entire lives, you know, whether it's on the personal side or on the business side.

255
00:22:09,510 --> 00:22:17,370
Okay. Now we integrate freedom money into this whole equation. We are off and running. That's

256
00:22:17,370 --> 00:22:23,470
why these these guys even building these fiat businesses leveraging ai that don't know bitcoin

257
00:22:23,470 --> 00:22:30,010
and they're focused on like web3 crypto stuff nope no shade more power to you i think it's just such

258
00:22:30,010 --> 00:22:34,490
a differentiator for us because we're already integrating bitcoin into those workflows and

259
00:22:34,490 --> 00:22:40,930
those businesses that will be well ahead of those folks uh in terms of uh business opportunities and

260
00:22:40,930 --> 00:22:46,990
such and so and then coming back to the energy side i mean you were i really appreciate your

261
00:22:46,990 --> 00:22:52,250
participating in the Texas Energy and Mining Summit, you know, also always participating in

262
00:22:52,250 --> 00:22:56,750
the National Energy and Mining Summit. Dude, it all comes back to energy. Like at the end of the

263
00:22:56,750 --> 00:23:05,010
day, it is a race to abundant energy. And we need as much energy as humanly possible to flourish.

264
00:23:05,950 --> 00:23:13,130
And so then the last point is like around really cool freedom tech, right? Across all sorts of

265
00:23:13,130 --> 00:23:18,630
different areas, whether it's on the defense side, the health side, you name it. It's really

266
00:23:18,630 --> 00:23:23,250
interesting. So I think your guys' thesis where you guys are investing in, in the freedom tech

267
00:23:23,250 --> 00:23:28,790
world is massive. I think this is where the puck is going. Some of these folks, and that's where

268
00:23:28,790 --> 00:23:35,750
I've been very fortunate and I don't know how, but I've been doing the podcast with Kathy Wood

269
00:23:35,750 --> 00:23:41,990
every month, the Bitcoin brainstorm. And then she actually came up with kind of like was explaining

270
00:23:41,990 --> 00:23:45,530
where the puck is going on the convergence between all these areas.

271
00:23:46,130 --> 00:23:48,850
And I was like, Kathy, I really want to do a Summit of Summits.

272
00:23:49,490 --> 00:23:53,330
And I've been thinking about this more based TED Talk type of version.

273
00:23:53,750 --> 00:23:56,150
And she's like, let's go.

274
00:23:56,210 --> 00:23:57,010
I'd love to be involved.

275
00:23:57,510 --> 00:23:59,630
And so that's what we're doing this September.

276
00:24:00,310 --> 00:24:03,190
And I couldn't be more excited about it.

277
00:24:03,610 --> 00:24:06,770
Yeah, and that's what, Friday and Saturday?

278
00:24:06,970 --> 00:24:09,410
Was that the 18th and 19th?

279
00:24:09,410 --> 00:24:15,570
or yeah. So September 19th and 20th in Nashville. And we actually were renting out the Fisher

280
00:24:15,570 --> 00:24:21,490
center for performing arts. So we have this beautiful theater. Yeah. Thank you, man. Um,

281
00:24:21,810 --> 00:24:28,450
and you know, so we got Kathy, we have Dr. Laffer, we have, uh, uh, Adam back. And there's a number

282
00:24:28,450 --> 00:24:33,270
of other folks that we're going to be, you know, uh, announcing as speakers. Uh, we're gonna have

283
00:24:33,270 --> 00:24:40,570
a whole 1031 stage, uh, as well. Like I imagine you have this beautiful theater with like 10

284
00:24:40,570 --> 00:24:46,670
minute Ted style, uh, presentations that all start kind of with imagine if, and you have these

285
00:24:46,670 --> 00:24:52,890
really deep fireside chats and some really amazing folks. And it, you know, it's not,

286
00:24:53,250 --> 00:24:57,730
it's one of those things where not only the speakers are amazing, but the people in the

287
00:24:57,730 --> 00:25:03,730
audience are just as amazing, if not even more amazing than the folks on stage. And then really

288
00:25:03,730 --> 00:25:09,830
like what the park I think does a really good job of is curating a really dope experience.

289
00:25:10,310 --> 00:25:15,130
Not to go on a tangent, but I've actually been inspired by you a bit and I've been writing more,

290
00:25:15,570 --> 00:25:20,370
especially with AI, but not like the sense of I've always wanted to write a bunch of things.

291
00:25:20,370 --> 00:25:25,450
And I always have like this Apple notes of topics I want to write about. And finally,

292
00:25:25,450 --> 00:25:31,370
with the help of like some different prompting and so on, I can get like a good 60% of what I want

293
00:25:31,370 --> 00:25:37,350
out in terms of the framework I want. And then I go in and edit it as I see fit. And then I post it

294
00:25:37,350 --> 00:25:42,150
like this morning, we announced the custody and treasury summit, which is September 17th and 18th,

295
00:25:42,150 --> 00:25:48,450
right before, uh, imagine if I wrote this post and they're all called like, this is dumb, but hear me

296
00:25:48,450 --> 00:25:54,970
out. And this one, this is dumb, but hear me out conferences suck. Like literally every conference

297
00:25:54,970 --> 00:26:00,470
I go to is just like kind of soul crushing in a way. I'm like in a past life when I was doing it

298
00:26:00,470 --> 00:26:06,650
for work, it was truly soul crushing because I'm like, man, I have to just be here, do the same

299
00:26:06,650 --> 00:26:11,110
rigor more and so on. And I just feel like every experience is this like

300
00:26:11,110 --> 00:26:18,550
rubbery chicken plated, you know, lunch or whatever. And it's just the same vanilla stuff.

301
00:26:18,670 --> 00:26:23,110
And so, you know, with the park, you know, we take a lot of pride and responsibility in making

302
00:26:23,110 --> 00:26:26,130
at the best Bitcoin and FreedomTech experience you'll have.

303
00:26:26,750 --> 00:26:30,570
And so we're trying to do that now, not only with this Custody and Treasury Summit, September

304
00:26:30,570 --> 00:26:33,370
17th and 18th, but also Imagine If.

305
00:26:33,670 --> 00:26:38,310
And yeah, I'll get off my shelf soapbox there for a second.

306
00:26:38,870 --> 00:26:42,110
No, I think the timing is going to be more perfect because I think it's becoming very

307
00:26:42,110 --> 00:26:50,250
clear, particularly here in the US, that we are in some regards way ahead of where things

308
00:26:50,250 --> 00:26:56,030
are going in terms of a lot of the dominant AI companies are here in the United States,

309
00:26:56,150 --> 00:27:00,370
though there are a lot of open source models beginning to eat into that dominance.

310
00:27:01,510 --> 00:27:03,070
But I think it's inarguable.

311
00:27:03,550 --> 00:27:04,070
We're ahead.

312
00:27:04,390 --> 00:27:11,310
Like what I was describing with ChatGPT, Claude, Replit, Google Veo3, all American products

313
00:27:11,310 --> 00:27:15,070
that are truly unleashing productivity that has never existed.

314
00:27:17,170 --> 00:27:17,830
Excuse me.

315
00:27:18,050 --> 00:27:20,010
But we're also behind in some ways, like particularly on the energy side.

316
00:27:20,010 --> 00:27:30,550
Like you said, we need to expand our energy generation and capacity egregiously, exponentially over the next decade.

317
00:27:30,730 --> 00:27:32,370
And I think that's the biggest question.

318
00:27:32,730 --> 00:27:43,230
What I'm excited for, imagine if I'm confident I'll be able to make it, but there may be some life events that get in the way.

319
00:27:43,890 --> 00:27:44,930
Good life events.

320
00:27:44,930 --> 00:27:51,890
but like yeah i'm fascinated to see what everybody's saying around energy and it's funny because

321
00:27:51,890 --> 00:27:56,910
we've been focused on energy in the bitcoin space for i think the better part of seven years now when

322
00:27:56,910 --> 00:28:02,330
bitcoin mining began to get hit industrial scale and we were on an island getting yelled at and

323
00:28:02,330 --> 00:28:08,630
laughed at um for wanting to use more energy but now that ai's here uh it's a foregone conclusion

324
00:28:08,630 --> 00:28:18,240
yes we need more energy energy is good we need to plug in all these computers and create this this robotic brain was globally distributed brain

325
00:28:20,380 --> 00:28:31,860
And. I'm not going to be the the sourpusses like, hey, like we were doing this, we were here first, we've been preaching this abundant energy thesis for for many years now.

326
00:28:31,860 --> 00:28:46,180
You guys are here. And it's funny that the the sort of the sort of connotation with increased energy production is now positive because Silicon Valley and big tech is behind it.

327
00:28:46,220 --> 00:28:51,260
But whatever, you're here now. Like, let's actually talk about how we're going to do this because it is a massive problem.

328
00:28:51,260 --> 00:28:59,820
I think it's unsolved and getting people across these three industries, energy, AI and Bitcoin together.

329
00:29:00,600 --> 00:29:07,340
Could is going to be extremely powerful because I think, number one, the demand is there, the need is there.

330
00:29:07,740 --> 00:29:20,400
And when you think of industries with incredible amounts of brainpower, I can think of like three more where if you get them all together, they can probably think of creative solutions to these massive problems.

331
00:29:20,400 --> 00:29:27,340
totally and this is the thing i i hope it's so much the park we're trying to create durable

332
00:29:27,340 --> 00:29:33,000
experiences year over year and what i mean by that is you know if you're not able to make it and

333
00:29:33,000 --> 00:29:40,020
i'm really happy for you guys for what's to come um we're planning is to do it the following year

334
00:29:40,020 --> 00:29:45,040
but like every unique every year is going to be its own unique experience that you're going to i

335
00:29:45,040 --> 00:29:49,540
want to do everything i can to be like man i need to get wherever i am in the world i need to get

336
00:29:49,540 --> 00:29:55,260
to Nashville during that time so I can experience it. Like there's really two areas that I zero in

337
00:29:55,260 --> 00:30:04,060
on for the experience. One is specific knowledge generation and, and, and that entertains and

338
00:30:04,060 --> 00:30:09,660
forms and inspires. And so how do we get that into the room and then get folks to learn from each,

339
00:30:09,800 --> 00:30:17,300
learn. The second is like deep connections that you otherwise wouldn't have gotten.

340
00:30:17,300 --> 00:30:21,920
And that's where I think that in real life, like going back to the Austin, you know, we're

341
00:30:21,920 --> 00:30:26,160
during COVID and you guys were always open for meetups and people were flying in.

342
00:30:26,240 --> 00:30:32,260
Same here in Nashville, a little afterwards, deep personal connections in real life still

343
00:30:32,260 --> 00:30:34,480
go a massively long way.

344
00:30:34,900 --> 00:30:39,680
Like we're creating so many unique experiences at the park here in Nashville.

345
00:30:39,820 --> 00:30:41,460
I got to give a shout out to Andrew Davis.

346
00:30:41,580 --> 00:30:42,920
He's absolutely crushing it.

347
00:30:43,280 --> 00:30:44,300
We have a park 101.

348
00:30:44,520 --> 00:30:45,280
We have a park 102.

349
00:30:45,520 --> 00:30:46,980
We have a lit devs now.

350
00:30:46,980 --> 00:30:50,460
We have all these things because he's just like pushing it.

351
00:30:50,800 --> 00:30:53,340
And you're just seeing all these people just show up.

352
00:30:53,520 --> 00:31:00,760
So I think at this convergence of Bitcoin, AI, energy, and now Freedom Tech, I think the

353
00:31:00,760 --> 00:31:05,720
future is extremely bright and bringing these folks together to help platform them.

354
00:31:05,880 --> 00:31:10,920
And there's a lot of amazing other events that are going on.

355
00:31:10,980 --> 00:31:15,480
Like, for example, the All In Summit, I'm actually a fan of the pod for the most part.

356
00:31:15,480 --> 00:31:21,240
and uh they do it like a really great one and i kind of want this to be the the freedom tech

357
00:31:21,240 --> 00:31:26,820
version of the all-in summit right it's like super focused on those areas and we don't deviate

358
00:31:26,820 --> 00:31:35,600
outside of that yeah what uh what topic are you most looking forward to specifically yeah

359
00:31:35,600 --> 00:31:43,080
so there's a couple things that uh we'll have some that are specific to bitcoin we'll have some

360
00:31:43,080 --> 00:31:47,800
that are specific to AI and want some that are specific to energy. There's a few things that

361
00:31:47,800 --> 00:31:54,360
we're working on right now that crossover and converge on all three. That'll be really,

362
00:31:54,360 --> 00:32:02,020
really interesting. Um, uh, one on the defense side, one on the energy production side, um,

363
00:32:02,160 --> 00:32:09,900
and, and, and honestly entrepreneurship side. Um, so, uh, across those, I'm honestly really

364
00:32:09,900 --> 00:32:15,940
excited about Kathy and Dr. Laffer also participating together because, you know,

365
00:32:16,000 --> 00:32:23,740
Dr. Laffer was Kathy's mentor, still is her mentor today. We actually recorded a pod last Thursday,

366
00:32:23,740 --> 00:32:32,360
I want to say. It was me, Dr. Laffer, Lorenzo on Kathy's team, and Kathy and Paolo from Tether.

367
00:32:32,360 --> 00:32:40,280
and it was fascinating to see how curious Dr. Laffer was just going in and digging in deep

368
00:32:40,280 --> 00:32:48,940
into Apollo's business background, monetary history, all that. And so Rob Warren on the team,

369
00:32:49,200 --> 00:32:54,080
on the Bitcoin Park team has been working with each of the kind of the speakers and kind of

370
00:32:54,080 --> 00:33:00,260
guiding them and helping them prepare for this. So I tracking to be really, really special there.

371
00:33:00,260 --> 00:33:06,640
do you think uh what are your what are your thoughts about the people

372
00:33:06,640 --> 00:33:13,500
out there who are looking at paper bitcoin summer and saying that bitcoin is losing

373
00:33:13,500 --> 00:33:21,840
its cypherpunk roots and the ethos that got it here find any credence in that you know um

374
00:33:21,840 --> 00:33:27,860
i do have a lot of thoughts actually on that and honestly i was a somewhat reluctant to launch

375
00:33:27,860 --> 00:33:31,440
the custody and treasury summit we had planned this at the beginning of the year

376
00:33:31,440 --> 00:33:36,960
to to launch it and we were planning to do it right before imagine if which we did we just

377
00:33:36,960 --> 00:33:44,340
announced this today uh because it seems like the narrative is just around this

378
00:33:44,340 --> 00:33:55,280
let's use all leverage possible to buy bitcoin and it's like what are we back in 2017 2018 around

379
00:33:55,280 --> 00:34:00,000
the crypto stuff and it's like do whatever it takes to buy as much crypto as possible only there's

380
00:34:00,000 --> 00:34:04,740
only one way this thing goes and it's up i'm like how many times have you and i experienced and you

381
00:34:04,740 --> 00:34:11,520
more than me because you've been in bitcoin way longer than me an 80 percent uh drawdown it's

382
00:34:11,520 --> 00:34:20,500
probably gonna happen again in our lifetime like probably and so for folks in general and this is a

383
00:34:20,500 --> 00:34:27,060
bit of like a tangent riff, like just be disciplined and happy. Creativity loves constraints and be

384
00:34:27,060 --> 00:34:33,960
happy. There's, there's beauty in enough, meaning figure out what you love to do with family,

385
00:34:34,100 --> 00:34:39,640
your personal life, and you know, your health and just stay within those areas. And you can build a

386
00:34:39,640 --> 00:34:45,920
really wealthy and beyond imaginable life and business. But when you're talking about like,

387
00:34:45,920 --> 00:34:50,640
hey, I'm a treasury company, I'm going to go issue this and then I'm going to raise it at this level.

388
00:34:51,060 --> 00:34:56,100
Honestly, I'll be honest with you, Marty, it's so over my head. So I'm not as well-versed to

389
00:34:56,100 --> 00:35:00,860
talk through it all. But anytime again, I'm on the left side of the bell curve. When you're like,

390
00:35:00,960 --> 00:35:06,460
okay, I'm going to go raise debt at an interest rate because I'm going to buy Bitcoin and that

391
00:35:06,460 --> 00:35:12,100
number is going to go up above this threshold. There is this domino effect that can happen

392
00:35:12,100 --> 00:35:18,440
on the way up to whatever price you want to like make up in the world to all the way down to 80,

393
00:35:18,520 --> 00:35:26,880
90% drawdown from whatever the price that we have. I don't want that to happen, but that's why I

394
00:35:26,880 --> 00:35:32,060
think on the treasury side, as it relates to the custody and treasury summit, we got folks that are

395
00:35:32,060 --> 00:35:39,140
small business owners. We got family offices. We got other folks, institutional folks as well,

396
00:35:39,140 --> 00:35:41,500
that are going to be attending as well as participating.

397
00:35:42,240 --> 00:35:43,760
But the focus is on like,

398
00:35:43,860 --> 00:35:45,160
what are the treasury strategies

399
00:35:45,160 --> 00:35:46,160
that we should be implementing?

400
00:35:46,260 --> 00:35:47,540
Like TFTC, for example.

401
00:35:48,100 --> 00:35:50,340
I'd be curious to know like your guys' treasury strategy.

402
00:35:50,380 --> 00:35:52,900
Everyone has like a Bitcoin treasury strategy

403
00:35:52,900 --> 00:35:54,400
if they're accumulating Bitcoin.

404
00:35:54,700 --> 00:35:57,820
It's like, hey, we accumulate 100% of Bitcoin,

405
00:35:58,060 --> 00:35:59,640
20% goes into cold storage,

406
00:36:00,060 --> 00:36:02,000
20% goes into collaborative custody.

407
00:36:02,420 --> 00:36:06,620
And then 60% is in our full custody with Strike Business

408
00:36:06,620 --> 00:36:11,160
because we use that for, you know, paying employees, paying vendors, whatever else.

409
00:36:11,680 --> 00:36:12,900
I'd be curious to know.

410
00:36:13,280 --> 00:36:15,400
That's what I'm curious about at the Custody and Treasury Summit.

411
00:36:15,540 --> 00:36:19,200
It's like, what are those strategies and why and how do you implement those?

412
00:36:20,660 --> 00:36:21,980
But I'll say this.

413
00:36:22,380 --> 00:36:26,820
I think there's an opportunity to help shape that narrative, especially on Paper Bitcoin

414
00:36:26,820 --> 00:36:31,620
Summer with a lot of eyeballs on us to say, how do you custody your Bitcoin?

415
00:36:32,540 --> 00:36:35,040
And then just leave the pregnant pause and be like, what do you mean?

416
00:36:35,260 --> 00:36:36,520
I leave it with Coinbase.

417
00:36:36,620 --> 00:36:41,740
what what i don't i don't know what you're talking about and it's like or i have it with a strategy

418
00:36:41,740 --> 00:36:48,400
or this stock or whatever and i'm like okay you know that's not your bitcoin and you don't have

419
00:36:48,400 --> 00:36:54,900
it until you're actually physically custodying it yourself and so if i can spend maybe a minute

420
00:36:54,900 --> 00:37:00,320
that's another area at the park that's why i was so bullish on on bringing rob on the team

421
00:37:00,320 --> 00:37:06,620
it's rather than being this boomer and that you know yells about all the problems that are wrong

422
00:37:06,620 --> 00:37:12,140
i really want to focus on figuring out solutions where i think is the right solution and we'll

423
00:37:12,140 --> 00:37:17,000
figure out if the market believes uh what my solution is is the right one one of which is

424
00:37:17,000 --> 00:37:23,040
at the custody and treasury summit we're going to provide produce a custody report

425
00:37:23,040 --> 00:37:27,600
where it breaks down what's the state of Bitcoin custody in 2025.

426
00:37:29,020 --> 00:37:33,620
And honestly, we're in the review process right now,

427
00:37:33,680 --> 00:37:35,780
but I look at it personally in four pillars.

428
00:37:36,500 --> 00:37:40,320
There's single SIG custody.

429
00:37:40,540 --> 00:37:42,320
That's either hot wallet or cold wallet.

430
00:37:42,700 --> 00:37:44,760
And we can go through that whole jam.

431
00:37:45,300 --> 00:37:46,800
Then there's multi-SIG.

432
00:37:47,180 --> 00:37:49,800
There's full-on custodial multi-SIG.

433
00:37:49,800 --> 00:37:54,140
I think OnRamp is more full-on custodial multi-sig.

434
00:37:54,560 --> 00:37:57,320
Then there's collaborative custody like Unchain and Casa.

435
00:37:58,120 --> 00:38:04,040
And then there's just like full-on multi-sig that's self-custodial like Caravan and some

436
00:38:04,040 --> 00:38:05,200
of these other open source models.

437
00:38:06,160 --> 00:38:10,300
Then you got full custody, which is like River and Strike.

438
00:38:12,240 --> 00:38:16,200
There's another tier, but I'm not even going to bring it up, the custody report, which is

439
00:38:16,200 --> 00:38:21,760
like this marketing wrapper on top of a third party custodian. Like I wouldn't even recommend

440
00:38:21,760 --> 00:38:26,120
that those brokerages to custody your Bitcoin, because it's like two layers away from you

441
00:38:26,120 --> 00:38:31,000
actually holding your own Bitcoin. And then there's the fourth one, which is insured custody,

442
00:38:31,160 --> 00:38:37,160
which is really in general, I'm, you know, I'm not a whale to be in that world, but like what

443
00:38:37,160 --> 00:38:42,160
Rob Hamilton and Anchor Watch are creating, they're creating that category right now in

444
00:38:42,160 --> 00:38:50,100
insured custody. And I'd be, I'd be watching what they're building right now because I don't want

445
00:38:50,100 --> 00:38:56,300
this to happen. And I hopefully doesn't happen, but if one of these ETFs or one of these large

446
00:38:56,300 --> 00:39:02,880
exchanges gets like hacked and then they lose a bunch of Bitcoin, I don't know what the

447
00:39:02,880 --> 00:39:08,660
repercussions are, but if you have, you know, an insured custody product, like with anchor watch or,

448
00:39:08,660 --> 00:39:15,800
you know, I think maybe Fidelity is also in the game there as well. There's another insurance level

449
00:39:15,800 --> 00:39:21,740
that, no pun intended, that you want to implement. So I really want to go deep into those areas.

450
00:39:22,220 --> 00:39:26,660
And I think on September 10th, we're going to send it out to all the attendees so that they

451
00:39:26,660 --> 00:39:30,840
have it. And then we're actually going to print it out physically for them so that they can take

452
00:39:30,840 --> 00:39:35,180
it. And then a lot of the people and companies cited in that report, maybe if not all of them,

453
00:39:35,180 --> 00:39:39,440
are going to be invited to participate in the Custody and Treasury Summit.

454
00:39:39,880 --> 00:39:44,400
So we want to do that year over year so that going back to the experience side,

455
00:39:44,660 --> 00:39:47,580
how conferences just suck and it's just soul crushing.

456
00:39:48,100 --> 00:39:50,180
I'd rather an organizer be like,

457
00:39:50,180 --> 00:39:56,700
hey, we created this specific industry report tailored to payments,

458
00:39:56,920 --> 00:39:59,780
tailored to open source, tailored to custody,

459
00:40:00,040 --> 00:40:03,900
tailored to global Bitcoin adoption, tailored to energy and mining

460
00:40:03,900 --> 00:40:09,080
that we thought you would enjoy since you're attending, uh, our summit. And here are the

461
00:40:09,080 --> 00:40:14,840
folks that are going to be, you know, attending so that you can best prepare on how to leverage this,

462
00:40:15,080 --> 00:40:20,040
the two days you're going to have in Nashville. I'd be blown away if someone did that for me.

463
00:40:20,040 --> 00:40:25,540
And I, you know, it would be the price of admission would be negligible, uh, uh, for that.

464
00:40:26,140 --> 00:40:30,240
Yeah. No, it's something I think about a lot. And I think it actually,

465
00:40:30,240 --> 00:40:37,400
it's important to bring up funnily enough the banking crisis of 2023 like you want to figure

466
00:40:37,400 --> 00:40:45,120
out all this today so you don't have to worry when something does go awry and your your example

467
00:40:45,120 --> 00:40:50,500
exchange it's hacked or something like that but like we saw because of the operation choke point

468
00:40:50,500 --> 00:40:55,200
2.0 like silvergate went down and signature went down the silicon valley bank went down and those

469
00:40:55,200 --> 00:41:00,520
were three of the very few banks that would actually work with companies in the space.

470
00:41:00,660 --> 00:41:04,220
And so you're playing bank hot potato, and then you get to the last bank that ultimately

471
00:41:04,220 --> 00:41:05,580
fails in Silicon Valley Bank.

472
00:41:05,680 --> 00:41:07,960
You're like, I don't know where to send my money.

473
00:41:08,200 --> 00:41:10,080
These other banks won't let me set up an account.

474
00:41:10,300 --> 00:41:16,520
So we saw a lot of companies just wire the money to Bitcoin trading desk, whether it's

475
00:41:16,520 --> 00:41:20,260
Unchained, Strike, whatever, put it in Bitcoin, and then either put it in multisig or just

476
00:41:20,260 --> 00:41:22,260
hold it on an exchange.

477
00:41:22,260 --> 00:41:29,180
and i think that event highlighted like if you had done that before you wouldn't have to worry

478
00:41:29,180 --> 00:41:36,540
like that's like when it comes to our strategy with our bitcoin treasury here at tftc very similar

479
00:41:36,540 --> 00:41:43,280
to what you described we have a number of exchange accounts we have multi-sig cold deep cold storage

480
00:41:43,280 --> 00:41:51,160
we have um other wallets we put in we split it up but um basically i think we're pretty well set up

481
00:41:51,160 --> 00:41:57,980
where I can sleep easy at night knowing that the Bitcoin is secure because we're doing it the right way.

482
00:41:58,060 --> 00:42:04,400
And I think that's one of the interesting friction points that exists right now.

483
00:42:04,400 --> 00:42:16,620
And I think it's just a product of trying to teach old dogs new tricks where historically people are very familiar and comfortable with like,

484
00:42:16,620 --> 00:42:37,470
oh I have a brokerage account I have a bank account I keep it here And I think we still in that sort of messy learning period where people unless you seeped in the industry like we are don understand that there better ways to do these things and to eliminate centralized third party risk in an extreme way if you do it the right way

485
00:42:37,470 --> 00:42:51,290
And I'm very happy you're throwing the Treasury in Custody Summit because I think that's one area that we still need to get over the hump for, particularly for new entrants, getting into Bitcoin.

486
00:42:52,090 --> 00:42:52,530
Totally.

487
00:42:52,710 --> 00:42:53,510
Let's do it the right way.

488
00:42:54,010 --> 00:42:56,970
Make sure that you're taking advantage of the sovereign properties of Bitcoin.

489
00:42:57,510 --> 00:42:57,930
Exactly.

490
00:42:57,930 --> 00:43:00,410
And like, I think Jack Dorsey said it best.

491
00:43:00,510 --> 00:43:01,550
He was on a podcast.

492
00:43:01,710 --> 00:43:06,770
I think Presidio Bitcoin was doing, which is if we just look at it as a store of value,

493
00:43:06,930 --> 00:43:10,190
it will be captured and will be basically neutered.

494
00:43:10,530 --> 00:43:12,710
And I couldn't agree more with that.

495
00:43:12,790 --> 00:43:17,450
We need to show like there's there's so many great things that are being built in the Bitcoin

496
00:43:17,450 --> 00:43:18,010
space.

497
00:43:18,490 --> 00:43:23,190
I mean, the UX just on Nostra alone is unbelievable.

498
00:43:23,450 --> 00:43:27,550
The advancements that they're making and then the UX in just custody.

499
00:43:27,550 --> 00:43:35,390
i mean dude in 2017 or whatever 2018 we're just like looking at a small screen trying to like

500
00:43:35,390 --> 00:43:41,230
verify a freaking bitcoin address it's like what are we at first i was like why am i doing this

501
00:43:41,230 --> 00:43:46,270
like what the heck is going on and there's now even companies like phil geiger i think is advising

502
00:43:46,270 --> 00:43:52,110
uh one company i wish i knew the name so i can give him a shout out but uh maybe branta or

503
00:43:52,110 --> 00:43:58,790
something, um, where they do a verification on the address before sending it because everyone's

504
00:43:58,790 --> 00:44:06,310
like Bronto. Okay. Uh, like I always get nervous even sending like 10,000 sats. I'm like, man,

505
00:44:06,390 --> 00:44:10,710
okay. If I'm getting nervous and I've been doing this for a long time, like do other people like

506
00:44:10,710 --> 00:44:16,710
fat fingering an extra letter here or whatever, but just the, a, we got the amazing people that

507
00:44:16,710 --> 00:44:21,050
are coming to Bitcoin every single day. B the product just gets better and better and better

508
00:44:21,050 --> 00:44:24,190
because we're built on open source, like straight up.

509
00:44:24,770 --> 00:44:27,710
And C, it's the coolest thing we could be working on

510
00:44:27,710 --> 00:44:29,430
is all this Freedom Tech stuff.

511
00:44:30,190 --> 00:44:32,830
So I'm cautiously optimistic.

512
00:44:32,970 --> 00:44:35,290
That's why I was a little nervous

513
00:44:35,290 --> 00:44:36,990
about this whole paper Bitcoin summit

514
00:44:36,990 --> 00:44:39,510
and then also including treasury in the name of the summit.

515
00:44:39,970 --> 00:44:41,830
But honestly, the emphasis on custody

516
00:44:41,830 --> 00:44:44,630
and also tying it into treasury strategies,

517
00:44:45,030 --> 00:44:46,530
I couldn't think of a better time

518
00:44:46,530 --> 00:44:47,730
to help shape that narrative

519
00:44:47,730 --> 00:44:50,390
and provide a resource again for folks

520
00:44:50,390 --> 00:44:53,690
to continue their continued education in the space.

521
00:44:54,930 --> 00:45:00,810
Yeah, and that's one thing that I think private market companies,

522
00:45:00,890 --> 00:45:03,170
like companies that aren't public yet that are private,

523
00:45:03,450 --> 00:45:05,910
if you're cash flowing, you're profitable,

524
00:45:06,290 --> 00:45:09,610
and you're thinking about this strategically,

525
00:45:09,970 --> 00:45:13,650
like there are obviously custody products that exist,

526
00:45:13,650 --> 00:45:17,950
but I think in terms of like leveraging the,

527
00:45:17,950 --> 00:45:24,230
like if you have a you're producing a ton of ebitda it's a sustainable business that's been

528
00:45:24,230 --> 00:45:28,550
around you want to keep it private like that's one thing i've seen behind the scenes just through

529
00:45:28,550 --> 00:45:35,430
the nature of what i've been doing at 1031 is there are like private lenders and private

530
00:45:35,430 --> 00:45:42,710
financers that understand the bitcoin play and will begin to offer products and services to let

531
00:45:42,710 --> 00:45:49,310
let you pull forward some of that cash flow and put it into bitcoin before it rips um so that's

532
00:45:49,310 --> 00:45:57,410
the other thing as it pertains to treasury strategy specifically for for companies run by bitcoiners

533
00:45:57,410 --> 00:46:03,710
that are very successful um and producing a lot of cash flow like the options are going to be there

534
00:46:03,710 --> 00:46:09,150
where alternatively i've talked to a lot of people who are like i'm trying to get to public markets

535
00:46:09,150 --> 00:46:15,050
as quickly as possible to access that pool of capital because they have FOMO about their Bitcoin

536
00:46:15,050 --> 00:46:20,990
treasury not growing as quickly as they'd like to as well. But I think the market, both private and

537
00:46:20,990 --> 00:46:27,530
public markets are recognizing the opportunity and it would be cool to get some private market

538
00:46:27,530 --> 00:46:32,650
financers there to talk about some, some different sort of structures that they could offer.

539
00:46:32,650 --> 00:46:40,270
Totally. For example, uh, Max over at Debbie five, he's flying over for both, uh, custody and

540
00:46:40,270 --> 00:46:46,290
treasury and imagine if, so I'm really interested on the, uh, you know, even though I've kind of

541
00:46:46,290 --> 00:46:51,310
poopoo a little bit on the, uh, of lending side, I'm actually interested on some of the, um,

542
00:46:52,450 --> 00:46:59,150
DLCs and like what lava is doing with Chazon and a lot of these other, uh, products, because I feel

543
00:46:59,150 --> 00:47:05,570
like the price to lend the money should competitively go down because you're providing

544
00:47:05,570 --> 00:47:12,850
the most pristine bearer asset that there is, which is Bitcoin. So, okay, like, shouldn't my

545
00:47:12,850 --> 00:47:20,470
interest rate be lower? Cause I'm providing you the actual, uh, collateral here. So, um, and you

546
00:47:20,470 --> 00:47:25,910
know, there's just a number of ideas there. And that's where I think what's selfishly for me

547
00:47:25,910 --> 00:47:28,370
is I got to scratch my own itch

548
00:47:28,370 --> 00:47:31,490
and also talk with all the members here at the park

549
00:47:31,490 --> 00:47:34,590
and say, would it be cool if we did it this way?

550
00:47:34,590 --> 00:47:35,630
And then get feedback.

551
00:47:35,810 --> 00:47:37,590
And then we continue to iterate

552
00:47:38,110 --> 00:47:41,170
and build the experience that we all want to participate in.

553
00:47:41,910 --> 00:47:42,010
Yeah.

554
00:47:42,590 --> 00:47:45,450
No, I completely agree on the Bitcoin collateralized lending.

555
00:47:45,590 --> 00:47:46,410
It makes no sense.

556
00:47:47,270 --> 00:47:49,030
I mean, Unchained is a perfect example.

557
00:47:49,150 --> 00:47:51,330
They've issued over a billion dollars worth of loans

558
00:47:51,330 --> 00:47:53,710
over seven, almost eight years.

559
00:47:53,710 --> 00:47:56,270
have had zero principal loan loss.

560
00:47:56,390 --> 00:47:56,510
Yeah.

561
00:47:56,830 --> 00:47:57,790
It's amazing.

562
00:47:57,790 --> 00:48:00,650
We're looking at it from a risk-adjusted perspective

563
00:48:00,650 --> 00:48:04,010
on the potential to lose the principal

564
00:48:04,010 --> 00:48:06,330
or the money that you lend to somebody.

565
00:48:06,510 --> 00:48:07,950
It's effectively zero

566
00:48:07,950 --> 00:48:09,890
because Bitcoin's extremely liquid

567
00:48:09,890 --> 00:48:11,450
and trades 24-7, 365.

568
00:48:11,890 --> 00:48:13,770
You simply sell the Bitcoin,

569
00:48:13,930 --> 00:48:14,750
recover your dollars

570
00:48:14,750 --> 00:48:17,590
if the loan gets in danger,

571
00:48:17,790 --> 00:48:19,650
whereas you apply that to real estate.

572
00:48:19,850 --> 00:48:21,770
It simply does not exist.

573
00:48:21,770 --> 00:48:26,290
You could have the borrower go into default and then it's like, all right, I got to sell this house.

574
00:48:26,470 --> 00:48:26,550
Yeah.

575
00:48:26,990 --> 00:48:28,310
Housing prices are crashing.

576
00:48:28,550 --> 00:48:32,710
So you're forced to sell to lost and eat and that eats into your principal.

577
00:48:32,910 --> 00:48:34,570
It simply doesn't exist in Bitcoin.

578
00:48:35,290 --> 00:48:35,610
Totally.

579
00:48:35,990 --> 00:48:36,370
Totally.

580
00:48:37,070 --> 00:48:38,890
There's just so many, so many things.

581
00:48:39,110 --> 00:48:42,790
And yeah, I'm very, very bullish.

582
00:48:43,450 --> 00:48:44,510
But I will say just.

583
00:48:46,030 --> 00:48:46,990
What's Matt say?

584
00:48:47,070 --> 00:48:48,390
Stay humble and stack stats.

585
00:48:48,650 --> 00:48:50,390
I mean, just great advice.

586
00:48:50,810 --> 00:48:51,750
Great advice.

587
00:48:51,770 --> 00:48:59,810
as always yeah i'm excited what um where should we point people to sign up for the summit and

588
00:48:59,810 --> 00:49:08,390
the imagine if yeah totally um bitcoinpark.com forward slash imagine if um there's like we're

589
00:49:08,390 --> 00:49:13,850
gonna have always at our summits there's just a little there is limited space so we want to make

590
00:49:13,850 --> 00:49:19,210
sure the experience is great for everybody um for the custody and treasury summit uh that's

591
00:49:19,210 --> 00:49:24,690
Bitcoin Park. If you go to join our Nashville meetup page, you can go see the waitlist there.

592
00:49:24,690 --> 00:49:30,690
But if you go to Bitcoin Park dot com forward slash custody hyphen treasury, you can learn more there.

593
00:49:32,010 --> 00:49:35,390
Yeah, man. And I I totally understand if you're not coming.

594
00:49:35,470 --> 00:49:38,550
But, you know, Parker's coming for both the custody and treasury summit.

595
00:49:39,030 --> 00:49:47,670
And imagine if I got to give him a massive shout out, you know, as there's paper Bitcoin summer, you know,

596
00:49:47,670 --> 00:49:50,330
all of these different, um, what do you call them?

597
00:49:51,070 --> 00:49:52,150
Seasons of Bitcoin.

598
00:49:52,510 --> 00:49:55,830
And now we got the season of Bitcoin where Parker's now a podcaster,

599
00:49:56,330 --> 00:49:57,190
which is amazing.

600
00:49:57,470 --> 00:49:59,310
I got to give him a massive shout out.

601
00:49:59,310 --> 00:50:03,190
And also TFDC that he's under like the, the TFDC umbrella.

602
00:50:03,630 --> 00:50:07,570
Uh, I saw on Twitter, uh, him and Rob just posted there.

603
00:50:07,890 --> 00:50:12,310
What his, the Parker's podcast is called center of hash center of hash and

604
00:50:12,310 --> 00:50:17,650
homage to, uh, to drew up on Saul's, uh, concept of the center of hash.

605
00:50:17,670 --> 00:50:27,990
of hash in his uh in his uh bitcoin multi uh multi-planetary series that's amazing well and

606
00:50:27,990 --> 00:50:35,210
this is the the good what was sad for me was you know in 2017 and 2018 when i was really learning

607
00:50:35,210 --> 00:50:41,050
about bitcoin i was learning from about bitcoin from you odell and there was a number of other

608
00:50:41,050 --> 00:50:46,830
great bitcoiners i mean you're still on twitter but like matt's not he's like on uh nostr only

609
00:50:46,830 --> 00:50:52,510
and there's a number of people that just dropped off whether they got wrecked or whatever but to

610
00:50:52,510 --> 00:50:58,250
your point around the cypherpunk ethos i mean these guys were just like hammering the status

611
00:50:58,250 --> 00:51:04,430
and you know people to be like oh you're really going to full custody yeah yeah gfy you know

612
00:51:04,430 --> 00:51:12,790
have fun staying poor and like all the the the funny uh in a in a good spirit uh funny uh memes

613
00:51:12,790 --> 00:51:19,510
now it's like all right i just joined this uh publicly traded company to be the director of

614
00:51:19,510 --> 00:51:25,690
bitcoin strategy it's like more power do you i'm not again i'm not trying to throw shade but it's

615
00:51:25,690 --> 00:51:31,890
just a different season of bitcoin where i hope especially going back to these summits marty it's

616
00:51:31,890 --> 00:51:37,110
like we focus with tight groups of people on a specific topic that we can build out like what

617
00:51:37,110 --> 00:51:42,290
Presidio Bitcoin is doing in like, they got like a design week. They did a quantum computing. Like

618
00:51:42,290 --> 00:51:49,490
I love that in the sense that we're, we're tackling different Bitcoin and freedom tech

619
00:51:49,490 --> 00:51:55,670
topics with intentionality and like some specific purpose around a specific, with a specific group

620
00:51:55,670 --> 00:52:03,910
of people. So, um, it's, I come all the way back to, it's great to, for Parker to be a,

621
00:52:03,910 --> 00:52:09,330
a podcaster now. Yeah. We need more podcasters. That's right. That's right. Now to your point,

622
00:52:09,330 --> 00:52:14,870
like paper Bitcoin summer, public market treasury strategies, definitely interesting,

623
00:52:15,050 --> 00:52:20,890
definitely exciting to a certain degree, but not my cup of tea. What really excites me is the,

624
00:52:20,890 --> 00:52:28,150
the freedom tech and beyond that, like just building businesses that, that produce products

625
00:52:28,150 --> 00:52:33,470
and services that people like, and you can sell at a profit and then funnel those profits.

626
00:52:33,910 --> 00:52:41,930
into bitcoin and develop your bitcoin strategy your treasury that way and a lot of people are

627
00:52:41,930 --> 00:52:47,950
fading or opining that the cypherpunk ethos has been lost but it's there yeah it's you know where

628
00:52:47,950 --> 00:52:53,150
to look if you look what like cali and the cashew team are doing and what's happening on nostr and

629
00:52:53,150 --> 00:52:58,990
cali's my replacement for odell on twitter i just go back to him and i'm like dude this guy

630
00:52:58,990 --> 00:53:07,370
is just straight fire every time he posts knock on wood he'll you know he'll uh yeah we'll see um

631
00:53:07,370 --> 00:53:12,890
there's folks like that that uh want to continue to support and not not me continue to support like

632
00:53:12,890 --> 00:53:18,710
just whatever we can do to freaking boost up guys like him and there's a lot of guys like

633
00:53:18,710 --> 00:53:25,730
callie that are behind the scenes building really cool shit that is just unbelievable

634
00:53:25,730 --> 00:53:35,350
yeah like evan and zeus haven't stopped shipping you've got i mean i think the jury's still out on

635
00:53:35,350 --> 00:53:41,390
whether or not roll up some bitcoin will scale but they're giving it a very good try over there

636
00:53:41,390 --> 00:53:46,710
like starkware and alpin labs and they're launching stuff and simplicity just got

637
00:53:46,710 --> 00:53:51,050
yep with adam i was just talking with the blockchain team yesterday yeah it's unbelievable

638
00:53:51,050 --> 00:53:55,950
yeah and that's where if you're looking in the right this is where i know we're about like an

639
00:53:55,950 --> 00:54:01,270
hour in um and i don't want to tease something but this is something we're going to be working on

640
00:54:01,270 --> 00:54:10,050
in earnest in 2026 um everybody and their mom is like uh you know we have a lot and we're very

641
00:54:10,050 --> 00:54:15,170
thankful like there's a lot of folks that support the park that are well outside of austin nashville

642
00:54:15,170 --> 00:54:19,730
and they're they're members of the park almost undoubtedly they're like hey i would love to have

643
00:54:19,730 --> 00:54:25,530
a Bitcoin park in my city. And I'm like, man, you know, how much CapEx and all the things.

644
00:54:26,310 --> 00:54:32,430
But now I'm like, you know what? I think there's a chance, Marty, that we're going to accelerate

645
00:54:32,430 --> 00:54:43,410
and start these pop-ups across the US. And because what I want and I think we need to do at the park

646
00:54:43,410 --> 00:54:49,650
is help get the messages out of like the importance of custody, the importance of like how institutions

647
00:54:49,650 --> 00:54:52,170
could be or should be thinking about Bitcoin

648
00:54:52,170 --> 00:54:55,010
as it relates to the amazing properties

649
00:54:55,010 --> 00:54:56,410
that make Bitcoin so special.

650
00:54:58,130 --> 00:54:59,570
Explaining Cashew out there,

651
00:54:59,690 --> 00:55:03,910
explaining FEDI and the usage of those federations.

652
00:55:04,290 --> 00:55:06,490
There's just so much more that we can be doing.

653
00:55:07,170 --> 00:55:09,350
And I think the ground game of getting out there,

654
00:55:09,470 --> 00:55:11,990
supporting other Bitcoin meetup organizers,

655
00:55:12,850 --> 00:55:18,470
we have a soft plan and a Q4 internal team goal

656
00:55:18,470 --> 00:55:19,830
to map this out.

657
00:55:20,390 --> 00:55:21,910
So if you're listening now,

658
00:55:22,630 --> 00:55:23,770
more to come on that front.

659
00:55:23,990 --> 00:55:25,270
We need a pop-up in Philly.

660
00:55:26,370 --> 00:55:28,310
So there's 12 cities

661
00:55:28,310 --> 00:55:31,330
and Philly is on the list.

662
00:55:31,630 --> 00:55:32,350
All right, it's good to know.

663
00:55:33,150 --> 00:55:34,690
Well, I can't wait to help you brainstorm

664
00:55:34,690 --> 00:55:37,090
the Philly pop-up.

665
00:55:37,650 --> 00:55:38,230
Yeah, man.

666
00:55:38,470 --> 00:55:39,110
I would love that.

667
00:55:39,670 --> 00:55:39,990
All right.

668
00:55:40,450 --> 00:55:42,710
I hate that we only have an hour,

669
00:55:42,710 --> 00:55:45,350
but I have to go pick up a car.

670
00:55:45,750 --> 00:55:47,310
I don't know if you listen to the rapid-hole recap,

671
00:55:47,310 --> 00:55:51,490
but I had some car issues last week and I just got a text earlier this morning

672
00:55:51,490 --> 00:55:52,050
that it's ready.

673
00:55:52,250 --> 00:55:52,630
So I'm going to go.

674
00:55:52,870 --> 00:55:55,530
Are you buying a new car or are you getting your car back?

675
00:55:55,850 --> 00:55:58,270
I bought a new car and then it broke within a week.

676
00:55:58,370 --> 00:55:59,730
So it's been great.

677
00:56:00,550 --> 00:56:02,950
What's the op cost on that?

678
00:56:04,250 --> 00:56:08,430
I think they're comping the fix because it had less than 200 miles.

679
00:56:08,430 --> 00:56:12,590
I brought it back, but it's, it's manageable.

680
00:56:12,830 --> 00:56:13,350
It's manageable.

681
00:56:13,550 --> 00:56:13,970
I'll say that.

682
00:56:14,510 --> 00:56:14,970
Good deal.

683
00:56:15,190 --> 00:56:15,590
Good deal.

684
00:56:15,590 --> 00:56:20,470
Dude, Marty, I can't thank you enough, man, and keep killing across all the fronts, man.

685
00:56:20,510 --> 00:56:22,530
I'm super impressed and inspired by you.

686
00:56:23,190 --> 00:56:24,750
Yeah, the feeling is mutual, Ron.

687
00:56:24,970 --> 00:56:25,490
We're going to win.

688
00:56:25,990 --> 00:56:26,570
We're going to win.

689
00:56:27,250 --> 00:56:27,570
All right.

690
00:56:27,830 --> 00:56:28,550
Peace and love, freaks.

691
00:56:28,750 --> 00:56:28,910
Okay.