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There's a lot of emphasis on the moment

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at like how AI is making everything like less secure

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and all of this kind of stuff.

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And that is a part of the story.

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Like, of course, like any tool,

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any powerful tool has its like advantages

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and disadvantages or has the thing, you know,

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like bad guys can use it, good guys can use it.

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But the power that I think this actually gives

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the individual for doing stuff like recovery,

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like I think that in the long run,

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there's going to be way more people

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who use this to recover their funds

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than people who use it

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and manage to steal someone else's fund.

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because the information you can give it,

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like I got it to interview me,

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like how did I store the seed words?

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Like did I do it in columns or did I do it in rows?

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Did I mix it, et cetera?

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All that stuff I can choose selectively to give to the AI.

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Whereas an attacker,

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they're basically going in with a kind of like a blank slate

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and trying to do an attack from, you know,

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relatively low amounts of like knowledge

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in terms of your setup.

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What is up, guys? Welcome back to Bitcoin Audible.

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I'm Guy Swang, the guy who has read more about Bitcoin than anybody else you know.

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And we've got a fantastic conversation today with my producer, actually.

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And a really good friend, great guy.

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If you don't know him, Stack to the Future on Twitter and socials.

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You got to follow him if you're not.

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But during the whole cold card incident, he had a bit of a scare.

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And it was one that I know all too well, like that feeling and that sense.

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And I know a lot of people have this where something, they think something terrible has happened

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or they don't know exactly how to get around it or adjust to something unexpected happening.

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And this was just a really, really interesting recovery story

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and an interesting case of exactly what went wrong and why.

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And I just think it's incredibly useful to break down these situations,

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whether they ended in a good story or a happy ending or a terrible ending,

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just because they're examples, right?

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You know, the whole idea is that we learn from each other and understand the nuance of all of these things by learning by other people's edge cases rather than having to all learn the same hard lessons ourselves.

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And I thought this would just be a really, really fun conversation.

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And it's good to actually get to sit down and hang out with my producer, not in the context of sending him work or vice versa.

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Great conversation. Really good. Glad we got to catch up.

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and I hope you guys really enjoy this one.

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This episode is brought to you by the Bitbox hardware wallet, by the way,

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and it's a fantastic open source from top to bottom hardware wallet.

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It's been around and tried and true through a lot of storms and all the things,

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and it's been a wonderful, wonderful little tool of mine,

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and I highly recommend it to people.

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I've got a 5% discount with code GUY.

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Link in details will be right down in the show notes.

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So check it out.

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It's also a great way to support the show, just to use my link when you're getting yourself

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a hardware wallet.

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With that, let's get into today's episode with Stack to the Future, and it is titled

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Invalid Checksum, How I Almost Lost My Bitcoin Stack.

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Where I have gotten to with Pearcast, I'm 100% convinced that I did.

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that I it it took two weeks of my life to kind of build out the the things that I've been distracted

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with most recently um and of course it took three years to build paracore and you know all of that

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stuff but I'm finally experiencing what it's like on the other on the backside of having it um and

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I'm like no I definitely should have like this is this is the way I should have done it um yeah

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Like this is such a huge unlock.

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I'm going to be able to do videos so quick.

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I've already got a temporary or like a first draft of the mobile version of Pearcast.

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And so what I'm going to do because it will, you know, it just syncs and ports straight through Pearcore or whatever is I want to be able to record on my desktop and then pick up with my phone, go outside and keep recording into the same timeline.

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That helps a lot.

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That helps a lot.

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I think that there's a, I think that there's, there's quite as,

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I feel like there's videos when you just kind of like have a variety of like

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locations and stuff, it's a bit more kind of varied.

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They seem to do better and people, I don't know, they're just more people.

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They're more engaging.

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Yeah.

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More engaging.

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They're more fun for me to like go out and just like,

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I got forced myself in one of them.

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There's just like go walking out in the woods.

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and it was just fun to do a video like that and it's also just kind of like boring to be watching

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minute one and then minute 15 of a video and you're looking at the same thing and the same

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person in the same situation you know like there's just no visual engagement or variety in it like

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why are you gonna have video if you're not if nothing's gonna be happening why do you need

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video for 90 of that right yeah do you watch julie i think he's called julian figaro

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yeah

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he's got the

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I think he's called the exit plan

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his channel

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and like I really love the way that he does his videos

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we shot the shit at one of the conferences and said we should do

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a project or a video together

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and then we totally forgot

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we should just do that randomly

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we should get him on actually

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that would be a great one we should just talk about

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oh my god I bet he's doing like all sorts

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of AI stuff with his like production flow

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and I am all

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about like how to make

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how to use AI to be more productive.

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Like I am, that has been like my, my number one thing,

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which is hilarious because I've not been very productive

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because I've been so focused on building stuff with AI

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to be more productive.

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But I'm, I'm, I'm really getting there

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and I'm super stoked.

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Booting up and working on the episodes this morning was,

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I haven't been this invigorated about it in a while.

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So it's got me pretty jazzed again.

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And it's all mine.

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It's all peer to peer.

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Fuck them.

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fuck the platform

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they're done with that shit

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Jesus

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but yeah

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well dude

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we should probably

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add

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we should probably

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leave some of that shit in

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but welcome to the show man

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this is

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you've been on the show

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like

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at least once right

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I don't

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I don't know if I have

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so this is I think

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my first time

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being on Bitcoin

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well shit

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welcome to the show man

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long time producer

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first time

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first time guest

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that's awesome

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so we had a

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interesting few conversations right around the cold card incident.

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And you had a bit of a scare.

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And I think there's a lot of lessons to pull from it.

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Because I've run into a bunch of similar things,

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and it's crazy the number of times I've felt like I have done something terrible.

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Like I've made a serious, serious error and lost something only to finally be reassured 24 hours later, you know, like to finally recover or do whatever it is that I needed to do.

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And I think I gave a little bit of a scare to a relative of mine.

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I set her up previously with a Jade wallet and had her savings on it.

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and I've kind of like walked her through and she's gotten Bitcoin a couple more times,

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but she was very uncomfortable with it. The, the Jade was, it's like a little bit,

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it's not, it's just a little bit past kind of like the warm-y zone and she is not a very

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technical person. And then it was being real finicky with Bluetooth for some reason. The,

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that device in particular, like my Jade, I didn't really have much problem. It seemed to connect

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really well um but for some reason her phone or her jade was just being like real finicky and as

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soon as it wouldn't happen like the first time she's like oh god what do i do like she would

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like kind of lock up you know like so even like the slightest thing like bluetooth doesn't connect

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she's like something's wrong and uh and so uh i set her up and switched over all this stuff um and

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but she had like a moment because i couldn't get the jade to connect and then i i wrote down

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a copy of her pin for the jade because we're like she just wanted to make sure that we've got you

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know extra backups and stuff and uh we have been communicating regularly on it i send her texts

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every six months and be like you got your you got your c phrase you know where it is you know like

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keep it safe um and uh when i uh broke out her jade i had forgotten that i had the pin number

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back in like my stash of like password pins and all that stuff that was like physical

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and I didn't bring it so we couldn't get into her jade and she was like oh no what does that mean

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like you know we're trying to like move and consolidate everything because she had purchased

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a little bit from me but I had kept it because she didn't know how to get she couldn't get back

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into her jade um and so I didn't have it we actually had to restore from seed out at a coffee

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shop but she did remember to bring her seed phrase um that she had like stashed away in her like you

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know hitting your little wallet below the wallet in their purse and you know all that stuff um which

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is kind of dangerous but you know generally speaking we we were doing a bunch of stuff with

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the bitcoin but it was funny we we did get it and i just did it in sparrow but all i could think was

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like god the panic most people would have like the the sheer panic and like how do you know

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what to do like i i booted up sparrow and you know scanned all the derivation pads but i saw her face

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when we were sitting right there she never would have touched she would have been scared to ever

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loving like if i wasn't there they would not nothing would happen nothing would happen yeah

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she and that was just a recovery from seed that was just a recovery from seed yeah it was just

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trying to get some stuff off a jade wallet like which is not a terrible wallet you know like a

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Jade's great. I love my Jade.

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And Bitbox is definitely more user-friendly, I think,

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typically speaking, than Jade.

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The hardware wallets are finally getting better,

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but I'm surprised by how many that I thought of previously

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as having really good user experience,

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but they were definitely Bitcoin techie user experiences.

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And then when I sit down with a normie, I'm like, oh, Jesus.

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I understand immediately why they're so intimidated.

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my stuff. And it's, and it's why I would have like, I recommended the cold card because I love

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the, the things about the verification from ledger. And in fact, I just talked about this

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in the video we were working on was the ledger hack was the, Oh, you can't see into the device.

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And so somebody implanted something into the device that stole your seed phrase that just

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watched the screen and cold cards like, Oh, we're not going to let all that happen. We're

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going to let you look in the device so you can see if it's changed or whatever.

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It's like, oh, but we forgot how to make entropy.

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We're just not even going to generate a cold card.

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We're just going to generate a seed from one to seven.

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You know, like we'll just, whatever.

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Somebody will guess it at some point.

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But so you had your funds.

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Were you on the cold card Mark IV?

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What was your general setup that got you in the panic mode?

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I had a cold card.

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I was in the exact risk group, basically, for the cold card hack.

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I was like, bang, like in the center of everything.

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Had the Mark III.

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Hadn't used a passphrase.

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I can't remember, actually, if the firmware version was for anyone with a Mark III,

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but I think whatever.

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It was anything after 2022, I think.

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Yeah, I was basically right in that risk category, essentially.

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And I so when that whole thing happened I was basically like I was freaking out I mean I saw the new like thankfully I kind of saw the news come in early um I think I saw I saw a a tweet from someone I think it might have been

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Groobles someone like that and he said like he'd been hacked I think um and basically was like you

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know my funds have got swept because you know you hear these stories and normally it's like uh

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is there something to it is someone just done something wrong like oftentimes you know people

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do something wrong and then they're like oh i i got hacked and it turns out like they did something

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wrong they didn't want to there was a heavy user error involved in that hack yeah exactly exactly

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but in this case i was like okay um there's something's going on here like something bad

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is actually happening uh and at that point i went and basically checked my funds had not at that

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point been swept uh so i thought right okay my funds are fine like uh but you know i needed to

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move them as soon as possible so i kind of went through that like emergency process of like i need

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to move these funds so for the cold card thing um i was i think honestly you know because like i live

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in like a u.s time zone right i think if that had been different like if i'd have been living

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or been visiting like europe at that point i'd have been screwed right because this i think the

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attack happened somewhere in the evening of uh like u.s time so i and i and it was like out you

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know you had to like a matter of kind of well possibly even less than hours you know to do

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a couple hours a couple hours yeah right so so i got kind of lucky with um just the fact that i

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managed to kind of like uh figure it out in time essentially um but then after that i was like okay

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I need to, like, I started looking at my setup generally

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because I've been one of these people who I've been wanting to set up multisig

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for a long time and just not done it.

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And I knew that, like, at some point, you know, I needed to do it.

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And I thought, right, okay, this is kind of like the warning shot, essentially.

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Like, I wanted, I already, I knew these funds.

231
00:15:03,102 --> 00:15:06,422
I was very aware, like, I have these funds on a call card

232
00:15:06,422 --> 00:15:08,802
and I didn't use a passphrase because I was kind of like, you know,

233
00:15:08,842 --> 00:15:13,622
much more, not like new to Bitcoin, but I guess just a bit more complacent.

234
00:15:13,622 --> 00:15:17,882
like the funds weren't worth as much when I put it on there. So I didn't kind of go to those lengths.

235
00:15:18,762 --> 00:15:23,282
So eventually I kind of came to the realization, right. Okay. This is, this is the time. The

236
00:15:23,282 --> 00:15:28,062
warning shots been fired. Like I need to move my funds to a multi-sig. So I started going through

237
00:15:28,062 --> 00:15:35,082
that process, like setting up funds on a multi-sig. And as I was going through it, like, you know,

238
00:15:35,082 --> 00:15:38,102
you have to do a lot of learning. Like it's one of those things, like it takes a little bit of time

239
00:15:38,102 --> 00:15:43,082
to get there, which I did. And then by the time I was kind of ready to move the funds,

240
00:15:43,082 --> 00:15:48,602
this was on like an old ledger wallet that i had in the sense that i had the i had the device and i

241
00:15:48,602 --> 00:15:54,842
had the the pin code which i had kind of like stored in in uh in like a password manager the

242
00:15:54,842 --> 00:15:59,502
pin code for the device so i was like okay i've got what i need i can get into the device so i got

243
00:15:59,502 --> 00:16:05,562
the i got the ledger out it was all ready to move it and i sent the funds sorry i didn't i didn't

244
00:16:05,562 --> 00:16:11,102
send the funds this was precisely the problem so i basically i i uh i tried to put the pin into the

245
00:16:11,102 --> 00:16:16,022
device that I had and it wasn't accepting the pin. So this was kind of like the first issue was that

246
00:16:16,022 --> 00:16:20,542
the pin wasn't being accepted. So I was like, all right, okay. It's not, you know, a huge concern.

247
00:16:20,542 --> 00:16:25,962
Like I need to try and try and, uh, this most of your stash. It was about half. Yeah. It was about

248
00:16:25,962 --> 00:16:32,742
half, about half. Yeah. So I, I was like, okay, I need to resolve the, the, you know, I need to

249
00:16:32,742 --> 00:16:36,682
basically do a recovery. So I thought, okay, this is why you have the recovery words. Like

250
00:16:36,682 --> 00:16:40,302
for situations like this, I didn't know why the pin was wrong. Uh, but I thought, okay,

251
00:16:40,302 --> 00:16:41,222
It's not a big concern.

252
00:16:41,382 --> 00:16:42,002
I have the recovery.

253
00:16:42,182 --> 00:16:43,982
And I hadn't used a passcode on the device.

254
00:16:44,082 --> 00:16:50,202
This was actually the reason I wanted to move the funds off this device specifically was because I knew that I hadn't used a passcode for that one as well.

255
00:16:50,702 --> 00:16:51,542
Sorry, a passphrase.

256
00:16:52,022 --> 00:16:59,562
So if I didn't have a passphrase set up, I was worried basically that another entropy bug would emerge from Ledger at some point.

257
00:16:59,622 --> 00:17:02,402
And I thought, like, I don't want to be vulnerable to that.

258
00:17:02,902 --> 00:17:06,442
So I kind of called my family members who had the words.

259
00:17:06,442 --> 00:17:12,802
So I'd split the words up basically, because obviously like if you are not using a passphrase, you know, you shouldn't have the 12 words stored somewhere.

260
00:17:12,942 --> 00:17:14,662
You want to split the words, right?

261
00:17:14,742 --> 00:17:18,882
Which is why I always, poor man's multi-stake essentially.

262
00:17:19,122 --> 00:17:19,282
Yeah.

263
00:17:19,422 --> 00:17:23,742
Which is why I always also kind of used 24 rather than 12 words.

264
00:17:23,782 --> 00:17:29,462
Because if you split 12 words in two, like, you know, your individual protection is rough.

265
00:17:29,862 --> 00:17:30,002
Yeah.

266
00:17:30,002 --> 00:17:30,502
Yeah.

267
00:17:30,962 --> 00:17:34,982
Because you like theoretically, you could brute force.

268
00:17:34,982 --> 00:17:41,462
if you've got if you find six words of 12 you could brute force six it'd take a long time but

269
00:17:41,462 --> 00:17:47,242
you could do it whereas if you find you know two sets of if you find one set of 12 words of a 24

270
00:17:47,242 --> 00:17:51,522
word seed essentially it has the same entropy it's just as hard for someone to crack it right so it's

271
00:17:51,522 --> 00:17:56,582
good luck so i i'd done the right thing in that sense so i basically i called the family members

272
00:17:56,582 --> 00:18:01,682
who had the uh the the seed words i said right okay can you give me the seed and i said and while

273
00:18:01,682 --> 00:18:05,162
While I was on the phone, I was like, by the way, can you just like check?

274
00:18:05,282 --> 00:18:09,762
Because I've also written the actual pin code for the device.

275
00:18:10,102 --> 00:18:13,602
I said, can you just send me the pin code that you've got written down as well?

276
00:18:13,642 --> 00:18:15,462
Because I know like my pin code is wrong.

277
00:18:16,122 --> 00:18:18,742
Turned out that they gave me the pin code and I was like,

278
00:18:18,782 --> 00:18:21,502
okay, I had this number as a zero and they have it as an eight.

279
00:18:22,242 --> 00:18:22,902
Something like that.

280
00:18:22,982 --> 00:18:24,662
I think it was between a zero and eight.

281
00:18:24,742 --> 00:18:25,702
I can't remember which way around.

282
00:18:26,822 --> 00:18:27,902
So I was like, okay, right.

283
00:18:28,122 --> 00:18:30,022
So now I've got the pin code.

284
00:18:30,082 --> 00:18:31,082
I don't really need the C words.

285
00:18:31,082 --> 00:18:31,802
So I was like, oh, you know what?

286
00:18:31,862 --> 00:18:33,242
Like, I don't really need the C words, actually.

287
00:18:33,442 --> 00:18:35,182
Like, I can just use the pin code here.

288
00:18:35,802 --> 00:18:39,222
I went back to the device, booted it up, the ledger.

289
00:18:39,522 --> 00:18:42,462
And if people are listening to who are ledger users,

290
00:18:42,762 --> 00:18:45,022
well, first of all, if you're a ledger user

291
00:18:45,022 --> 00:18:47,462
and you kind of bought one, like, from a few years back,

292
00:18:47,482 --> 00:18:49,982
I would say, like, just check it and see if it's still working

293
00:18:49,982 --> 00:18:51,102
because this is a known issue.

294
00:18:51,822 --> 00:18:54,422
And I don't think it's been very well communicated, honestly.

295
00:18:54,562 --> 00:18:56,142
Like, people are just kind of discovering this,

296
00:18:56,202 --> 00:18:59,082
but I feel like ledger needs to be more vocal about it

297
00:18:59,082 --> 00:19:00,942
and kind of preempt that people are going to have this issue.

298
00:19:01,082 --> 00:19:06,522
essentially there's a screen kind of degradation issue on the old ledger so i had the nano s from

299
00:19:06,522 --> 00:19:15,382
that i think it was two uh this must have been from around 2017 i think um okay so i i basically

300
00:19:15,382 --> 00:19:19,962
i turned the the device on and it was just completely scrambled everything like it was

301
00:19:19,962 --> 00:19:24,422
really difficult to tell but you could just about read the the numbers but it was it was really dim

302
00:19:24,422 --> 00:19:30,982
in parts so the parts were okay but in general like the the screen wasn't great so i turned it

303
00:19:30,982 --> 00:19:38,082
put the pin code in and like started essentially to do the process to move the funds.

304
00:19:38,842 --> 00:19:45,102
And I think it was, I went into the device kind of like the first time with the correct pin.

305
00:19:45,582 --> 00:19:48,842
And when I went to actually send the money out to the multi-sig,

306
00:19:48,902 --> 00:19:50,142
I was kind of all prepared for everything.

307
00:19:50,222 --> 00:19:51,102
I was about to send the money out.

308
00:19:51,222 --> 00:19:55,942
And, you know, one of the main kind of reasons you have like a hardware device

309
00:19:55,942 --> 00:19:57,422
is so you can double check the address.

310
00:19:57,422 --> 00:20:00,942
So you're sending the address and you want to make sure that it's not sending to a malicious address.

311
00:20:00,982 --> 00:20:05,982
so the device has that and a lot of people kind of skip it they just you know they just click okay

312
00:20:05,982 --> 00:20:10,262
whatever comes up on the screen but i was like okay this is half my stash i need to be pretty

313
00:20:10,262 --> 00:20:15,542
sure that the money that i'm about to send out here is uh like you know i'm not being attacked

314
00:20:15,542 --> 00:20:22,042
in any way but because of the screen issue on the device i couldn't read the um i couldn't like read

315
00:20:22,042 --> 00:20:27,062
the address and i was like this is dangerous like i don't want to be sending out to an address here

316
00:20:27,062 --> 00:20:28,822
that I can't verify.

317
00:20:29,082 --> 00:20:30,062
So I thought, you know, what's,

318
00:20:30,642 --> 00:20:31,922
like I still have the C words,

319
00:20:32,042 --> 00:20:33,262
so I'm not going to worry about this.

320
00:20:33,382 --> 00:20:35,122
So I kind of turned the device off,

321
00:20:35,322 --> 00:20:35,982
unblocked it,

322
00:20:36,562 --> 00:20:37,902
called my family members and said,

323
00:20:38,022 --> 00:20:39,962
look, I need to do this as like a recovery.

324
00:20:40,982 --> 00:20:42,382
Please send me the C words.

325
00:20:42,862 --> 00:20:44,142
So they sent me the C words.

326
00:20:44,242 --> 00:20:45,082
I have my 24.

327
00:20:45,262 --> 00:20:47,442
Yeah, dude, just interjection on that.

328
00:20:47,442 --> 00:20:50,362
Like not being able to see what's on your screen

329
00:20:50,362 --> 00:20:53,362
in a situation like that is so,

330
00:20:53,362 --> 00:20:58,522
is so unbelievably frustrating and extra dangerous

331
00:20:58,522 --> 00:21:03,702
because it's exactly those points that scammers go hard.

332
00:21:04,362 --> 00:21:08,922
They really try to feel like any malware or anything that you get.

333
00:21:10,082 --> 00:21:15,762
I had an episode, the episode we did with American HODL and K-Center,

334
00:21:15,762 --> 00:21:18,622
or whatever, is I mentioned somebody was talking about

335
00:21:18,622 --> 00:21:23,302
somebody who heard the advice of downloading Sparrow Wallet.

336
00:21:23,362 --> 00:21:28,562
and you know they're like i gotta i gotta like do all this stuff or whatever i gotta make sure

337
00:21:28,562 --> 00:21:35,182
that it's like properly transferred and uh but sparrow wallet does not have a mobile they don't

338
00:21:35,182 --> 00:21:42,542
have like ios but there is one in the store even though it's been reported you know dozens of times

339
00:21:42,542 --> 00:21:47,322
i've got who knows who knows how many times i've reported it as soon as this happened i was like

340
00:21:47,322 --> 00:21:48,302
Jesus Christ.

341
00:21:49,402 --> 00:21:52,642
But he downloaded the Sparrow wallet from iOS

342
00:21:52,642 --> 00:21:55,562
and sent his money to it.

343
00:21:55,562 --> 00:21:58,282
And it was like six Bitcoin life savings.

344
00:21:59,382 --> 00:22:01,382
Man, that is rough.

345
00:22:01,782 --> 00:22:02,702
Gone like that.

346
00:22:02,722 --> 00:22:03,562
Yeah, I mean, it is.

347
00:22:04,982 --> 00:22:06,502
Yeah, it's very crazy to me

348
00:22:06,502 --> 00:22:08,742
how these apps managed to actually make it

349
00:22:08,742 --> 00:22:09,602
into the app store at all.

350
00:22:09,762 --> 00:22:12,202
You would think that, you know,

351
00:22:13,042 --> 00:22:15,622
I guess like Google or Apple

352
00:22:15,622 --> 00:22:20,162
are at least looking just like they should just have like some kind of just a red list like okay

353
00:22:20,162 --> 00:22:25,222
if anything to do with bitcoin let's just have a human look at it and make sure this isn't trying

354
00:22:25,222 --> 00:22:29,162
to spoof something you would think that that would take five minutes for someone to do yeah not only

355
00:22:29,162 --> 00:22:37,282
that oh shit you can have ai do it now um but not only that but like i've had to like to get a

356
00:22:37,282 --> 00:22:44,262
developer account i've had to like do so much like kyc and all this stuff i've tried to protect like

357
00:22:44,262 --> 00:22:49,482
home address and, you know, that sort of stuff from just being exposed to another freaking

358
00:22:49,482 --> 00:22:51,642
thing on another freaking service.

359
00:22:53,522 --> 00:22:58,782
But largely, like they go out of their way to make sure that they can identify.

360
00:22:58,902 --> 00:23:03,942
But I don't understand how the Sparrow wallet is some like, oh, we'll never catch this guy.

361
00:23:04,322 --> 00:23:08,162
You know, like they should have a specific business entity.

362
00:23:08,362 --> 00:23:11,722
They should have a specific address and names and all this stuff.

363
00:23:11,742 --> 00:23:13,822
And they don't make it easy to go around that.

364
00:23:13,822 --> 00:23:19,722
like somebody has to work really hard to not be identified um in the app or in the developer

365
00:23:19,722 --> 00:23:26,242
system but this is kind of like uh endemic at the moment i mean some of these recent things

366
00:23:26,242 --> 00:23:31,422
have taken place like the the supply chain attack of ledger recently i'm like you know someone bought

367
00:23:31,422 --> 00:23:35,682
this company and you know it's either the people who were around the company before or the current

368
00:23:35,682 --> 00:23:41,922
or the people who bought it but i the fact that they had like a nda on like telling people that

369
00:23:41,922 --> 00:23:48,462
the company was bought that was bought to steal everybody's coins but also like that that is

370
00:23:48,462 --> 00:23:53,942
suspicious but if someone bought the company like could it have been the previous owners who bugged

371
00:23:53,942 --> 00:23:58,122
their own devices before they got bought out and was like we're getting bought out in a few months

372
00:23:58,122 --> 00:24:04,582
guys like this is our exit plan so i don't know like i'm not entirely sure whether like where the

373
00:24:04,582 --> 00:24:08,302
blame is going to fall but in any case it seems pretty clear that this is going to be a matter of

374
00:24:08,302 --> 00:24:12,042
just like you bring the guy who owned the company before you bring the guy who owned the company

375
00:24:12,042 --> 00:24:17,102
after and you basically figure out like okay at what point were these devices bugged you can put

376
00:24:17,102 --> 00:24:20,802
you can tell that from when they were delivered etc you can tell from the order book it should be

377
00:24:20,802 --> 00:24:27,102
really easy to figure out who who committed this crime but it seems like we're kind of living in a

378
00:24:27,102 --> 00:24:33,662
world where like this is becoming mainstream right these hacks are i don't know in my opinion it's

379
00:24:33,662 --> 00:24:39,022
spooky. The attacks that have happened and it all happening at once, I think it's spooky. And

380
00:24:39,022 --> 00:24:44,622
you see the lengths that governments and stuff are going to get hold of people's Bitcoin.

381
00:24:45,302 --> 00:24:49,122
Wouldn't surprise me if, I'm not saying the government themselves are doing it necessarily,

382
00:24:49,342 --> 00:24:53,262
but if they have someone's back and say, look, we're going to turn a blind eye to this because

383
00:24:53,262 --> 00:25:02,082
we're broke and we need some Bitcoin. There's definitely not a very good incentive alignment

384
00:25:02,082 --> 00:25:03,702
for protection.

385
00:25:04,922 --> 00:25:06,942
There's an incentive alignment

386
00:25:06,942 --> 00:25:08,222
for fear

387
00:25:08,222 --> 00:25:11,342
and keeping people

388
00:25:11,342 --> 00:25:13,242
away from sovereignty.

389
00:25:14,202 --> 00:25:16,042
So it doesn't even have to be

390
00:25:16,042 --> 00:25:17,802
like they sent the scammers a memo.

391
00:25:18,162 --> 00:25:19,302
It literally is just like

392
00:25:19,302 --> 00:25:22,602
behind the scenes

393
00:25:22,602 --> 00:25:24,662
in the FBI or whatever.

394
00:25:24,842 --> 00:25:25,062
It's like,

395
00:25:25,222 --> 00:25:26,522
this isn't really something

396
00:25:26,522 --> 00:25:27,382
that we need to spend

397
00:25:27,382 --> 00:25:28,502
a lot of resources on.

398
00:25:28,502 --> 00:25:29,642
The politicians

399
00:25:29,642 --> 00:25:31,402
and the congressional budgets

400
00:25:31,402 --> 00:25:33,882
don't really care if we spend much on this.

401
00:25:34,262 --> 00:25:35,002
And you want to know why?

402
00:25:35,322 --> 00:25:37,662
It's because it would be very nice.

403
00:25:37,762 --> 00:25:40,822
It's convenient for all of us if self-custody looks scary.

404
00:25:41,842 --> 00:25:46,582
So we'll put this investigation on the back burner

405
00:25:46,582 --> 00:25:48,562
and get to it in 2032 maybe.

406
00:25:49,562 --> 00:25:49,682
Right.

407
00:25:49,802 --> 00:25:52,842
But I mean, you know, even if we look back to this almost,

408
00:25:52,982 --> 00:25:55,142
for me, this seemed to start with FTX.

409
00:25:55,482 --> 00:26:09,364
It was a very obvious op And if they willing to do that with FTX like a major exchange and and kind of like very clearly there was something spooky going on there why shouldn we expect that the spookiness

410
00:26:09,364 --> 00:26:13,264
is going to continue in other ways like they've you they've played that card right they played the

411
00:26:13,264 --> 00:26:19,124
exchange kind of card like maybe multiple times because even the exchange hacks before them not

412
00:26:19,124 --> 00:26:23,624
just money stealing money but like exchange hacks before that have some spooky vibes it's almost like

413
00:26:23,624 --> 00:26:29,005
they have all of these these cards to play exchange hack exchange you know stealing money

414
00:26:29,005 --> 00:26:33,705
like and now we're kind of getting into the self-custody thing for you know entropy attack

415
00:26:33,705 --> 00:26:38,945
you know possibly possibly not could be like something spooky going on and then also like

416
00:26:38,945 --> 00:26:45,645
implants seems like every avenue is being considered now to basically like get people's

417
00:26:45,645 --> 00:26:51,584
bitcoin into you know bad people's hands like whether or not it's government so yeah it's um

418
00:26:51,584 --> 00:26:54,344
we're living through crazy times for sure.

419
00:26:55,225 --> 00:26:57,024
Well, I'll tell you, all the motivation,

420
00:26:57,584 --> 00:27:01,424
all the motivation in the work towards keeping it out

421
00:27:01,424 --> 00:27:04,005
of scammers and thieves' hands,

422
00:27:04,604 --> 00:27:06,524
very little of it is coming from the government

423
00:27:06,524 --> 00:27:09,864
and very much all and as much of it

424
00:27:09,864 --> 00:27:14,024
as probably can be publicly discerned

425
00:27:14,024 --> 00:27:17,184
is coming from just a bunch of Bitcoiners with AI credits.

426
00:27:18,684 --> 00:27:21,544
You know, like it's just, it's nothing but Bitcoin companies.

427
00:27:21,584 --> 00:27:28,965
I like government's not gonna come save us or fix all the catch all the bad guys um in fact the best

428
00:27:28,965 --> 00:27:34,584
investigations as to who has done a lot have been just random people on random bitcoiners just doing

429
00:27:34,584 --> 00:27:39,804
doing what they do and talking to services that like we had somebody log in that was checking

430
00:27:39,804 --> 00:27:45,284
these things just before these addresses got emptied and it happens to align with like 20%

431
00:27:45,284 --> 00:27:47,505
of the hack, you know,

432
00:27:47,584 --> 00:27:49,665
and spreading information around

433
00:27:49,665 --> 00:27:51,424
well before I'm sure police

434
00:27:51,424 --> 00:27:52,505
or even like, I'm sure,

435
00:27:52,665 --> 00:27:53,985
yeah, yeah, we'll file a report.

436
00:27:56,364 --> 00:27:57,184
Exactly, exactly.

437
00:27:57,324 --> 00:27:59,784
I mean, I would be very interested

438
00:27:59,784 --> 00:28:00,985
to see what happens with these

439
00:28:00,985 --> 00:28:02,485
because with these recent hacks,

440
00:28:02,985 --> 00:28:03,725
if that's true,

441
00:28:03,764 --> 00:28:04,505
and it does seem like

442
00:28:04,505 --> 00:28:05,505
there is some truth to that,

443
00:28:05,564 --> 00:28:07,104
that someone was checking the addresses

444
00:28:07,104 --> 00:28:08,024
before they were hacked,

445
00:28:08,684 --> 00:28:10,745
that's just an obvious giveaway.

446
00:28:10,745 --> 00:28:12,524
And, you know, likewise with this thing

447
00:28:12,524 --> 00:28:13,864
that's happened with the ledger implants,

448
00:28:13,864 --> 00:28:17,064
that there's got to be a paper trail for this stuff.

449
00:28:18,064 --> 00:28:23,284
And we saw with FTX and Sam Bankman-Fried,

450
00:28:23,985 --> 00:28:30,505
we saw that justice kind of was corrupted in that case.

451
00:28:30,505 --> 00:28:36,705
We know that this guy was basically protected by powerful people.

452
00:28:36,924 --> 00:28:39,145
So if we assume that's going to continue,

453
00:28:39,844 --> 00:28:43,424
I'm expecting that we're going to see less and less kind of accountability

454
00:28:43,425 --> 00:28:44,705
for these things that happen.

455
00:28:45,384 --> 00:28:47,344
And that's just my prediction.

456
00:28:47,505 --> 00:28:49,205
I think that when people get desperate,

457
00:28:49,344 --> 00:28:50,264
governments get desperate,

458
00:28:52,284 --> 00:28:53,945
like bad things happen

459
00:28:53,945 --> 00:28:56,425
and scams become kind of like more commonplace

460
00:28:56,425 --> 00:28:57,425
because once money,

461
00:28:57,544 --> 00:29:01,124
when money really goes into that kind of losing value

462
00:29:01,124 --> 00:29:03,145
on an exponential scale

463
00:29:03,145 --> 00:29:04,684
to the point where it's becoming worthless,

464
00:29:05,725 --> 00:29:08,584
like you either have to do something to get the money,

465
00:29:08,705 --> 00:29:10,084
which like, you know,

466
00:29:10,205 --> 00:29:12,405
people don't want to do stuff as we know,

467
00:29:12,405 --> 00:29:17,784
rather just like figure out ways to steal stuff like this is kind of how we should expect things

468
00:29:17,784 --> 00:29:24,024
to go in a way so i think that like you know we really need to um have even more and i think it's

469
00:29:24,024 --> 00:29:27,304
going to get bigger than this personally i mean we can maybe get into this later in the conversation

470
00:29:27,304 --> 00:29:33,505
but i i think that there's so many avenues for this to go and i'm the the movement i don't want

471
00:29:33,505 --> 00:29:37,745
to say the movement away from self-custody because i think i think that's kind of unfair to to say it

472
00:29:37,745 --> 00:29:43,445
But I think that just the idea that people are having custodians, even like no matter how sweet that deal looks.

473
00:29:43,445 --> 00:29:47,124
And even in the face of, OK, like, you know, it's difficult to self-custody.

474
00:29:47,124 --> 00:29:50,364
Like, you know, there's technical aspects. There's a lot of work you've got to do.

475
00:29:51,005 --> 00:29:57,024
But I personally think people just need to recognize that this is something that we've got to do.

476
00:29:57,184 --> 00:30:04,924
Like this is this is a part of living now in the same way that you learn how to drive or you, you know, you learn how to wield a weapon or anything.

477
00:30:04,924 --> 00:30:09,725
you need to learn how to self-custody because yes, it's, yes, it's difficult,

478
00:30:09,725 --> 00:30:12,824
but I just think it's kind of weak source to sit back and go, Oh, well,

479
00:30:12,824 --> 00:30:16,264
it's difficult. So therefore there'll be a bunch of people who will learn an

480
00:30:16,264 --> 00:30:20,064
institution. And right. It's like, okay, if we're going to do that,

481
00:30:20,104 --> 00:30:21,564
then we might as well give up on the whole project.

482
00:30:21,564 --> 00:30:24,705
The whole point is that the whole point is that there's a new technology that

483
00:30:24,705 --> 00:30:28,064
comes with acquiring new skills. It's just comes part and parcel with that.

484
00:30:28,324 --> 00:30:30,184
So, yeah. But the,

485
00:30:30,184 --> 00:30:33,844
one of the really dangerous things is just that,

486
00:30:34,505 --> 00:30:34,745
you know,

487
00:30:34,745 --> 00:30:36,584
the language of government is violence.

488
00:30:36,884 --> 00:30:38,884
And so whenever it becomes convenient,

489
00:30:39,745 --> 00:30:42,005
especially when people are upset with the government,

490
00:30:42,384 --> 00:30:44,424
which is basically always these days,

491
00:30:44,905 --> 00:30:53,145
it's actually very beneficial for them to monopolize defense and safety and

492
00:30:53,145 --> 00:30:56,024
then make things not safe to,

493
00:30:56,205 --> 00:30:57,524
to allow violence,

494
00:30:57,684 --> 00:30:58,564
to allow theft,

495
00:30:58,684 --> 00:31:00,064
to allow crime to happen,

496
00:31:00,184 --> 00:31:02,784
because people clamoring beg for more government.

497
00:31:03,745 --> 00:31:06,684
And so they can arbitrarily expand things

498
00:31:06,684 --> 00:31:10,445
and just, it's always, there's not enough money, right?

499
00:31:10,584 --> 00:31:12,445
So it just becomes more power.

500
00:31:12,624 --> 00:31:15,505
It's not about whether or not the government's doing anything.

501
00:31:15,604 --> 00:31:17,524
It's like with 1% is spent on policing,

502
00:31:17,524 --> 00:31:18,445
it doesn't really matter.

503
00:31:18,584 --> 00:31:21,384
They want to expand that 99% and double that size.

504
00:31:21,524 --> 00:31:23,124
And they're just going to take away the 1%

505
00:31:23,124 --> 00:31:25,124
because it's the thing that's going to hurt

506
00:31:25,124 --> 00:31:26,344
the people the most.

507
00:31:27,344 --> 00:31:29,084
And if it's ever convenient for them,

508
00:31:29,084 --> 00:31:33,304
it doesn't it just doesn't matter it's just incentives it doesn't it doesn't matter how

509
00:31:33,304 --> 00:31:39,985
good a people you have like they'll excuse it away and it'll happen every fucking time um and

510
00:31:39,985 --> 00:31:47,685
the only way around that is self-custody is second amendment like which i put in the exact

511
00:31:47,685 --> 00:31:52,824
same category you learn how to use a gun you learn how to protect yourself don't assume the

512
00:31:52,824 --> 00:31:58,665
police are going to be here because you know like who else you're going to call to you know

513
00:31:58,665 --> 00:32:03,384
show up three hours after something happens so they can shrug their shoulders and tell you they're

514
00:32:03,384 --> 00:32:08,985
going to file a report um yeah i mean this is kind of the way the world is is rigged in a way it's

515
00:32:08,985 --> 00:32:13,485
it's rigged towards people with power trying to get more power and what's the best way of getting

516
00:32:13,485 --> 00:32:18,945
more power it's kind of like taking away people's like self-sovereignty so that they are reliant

517
00:32:18,945 --> 00:32:24,245
upon you it's like you can either increase your own power or you can decrease the power of everyone

518
00:32:24,245 --> 00:32:28,405
else so that that divide between the powerful and the non-powerful is great and they kind of

519
00:32:28,405 --> 00:32:33,124
operating on all fronts at the moment so when we see this in the macro and the micro in a sense like

520
00:32:33,124 --> 00:32:37,844
this is kind of the way that like the u.s has always been it's always been about military

521
00:32:37,844 --> 00:32:43,624
strength like the u.s is a global hegemon because of its military strength primarily like yes it's

522
00:32:43,624 --> 00:32:49,364
also the kind of global reserve currency but that is only coming as this kind of side product of its

523
00:32:49,364 --> 00:32:57,084
global hegemony like that comes as a side part of that it's like we've got enough guns and weapons

524
00:32:57,084 --> 00:32:59,245
and military power that we can force the world

525
00:32:59,245 --> 00:33:01,005
to be this way economically.

526
00:33:01,384 --> 00:33:04,445
Whereas like, you know, so that kind of like

527
00:33:04,445 --> 00:33:06,945
is happening at this global like geopolitical scale.

528
00:33:06,945 --> 00:33:09,745
And it's also happening on a kind of governmental scale.

529
00:33:09,745 --> 00:33:12,245
It's like, how can governments have as much power

530
00:33:12,245 --> 00:33:14,864
as possible and kind of decrease the power

531
00:33:14,864 --> 00:33:15,985
of the individual to the point

532
00:33:15,985 --> 00:33:17,304
where you have reliance upon them?

533
00:33:17,524 --> 00:33:19,145
And like, yes, like you said, at least in America,

534
00:33:19,145 --> 00:33:20,465
you have like a second amendment and stuff.

535
00:33:20,564 --> 00:33:22,905
But in Europe, like, I don't know if it's all countries.

536
00:33:22,985 --> 00:33:24,304
I think there are maybe some countries

537
00:33:24,304 --> 00:33:26,024
that have like some very, very basic

538
00:33:26,024 --> 00:33:28,145
like gun rights laws, I think Switzerland might,

539
00:33:28,284 --> 00:33:30,645
but certainly in the UK and other places,

540
00:33:30,884 --> 00:33:33,965
like most of Europe, you can't have a weapon.

541
00:33:34,145 --> 00:33:37,145
So the government immediately has that power imbalance

542
00:33:37,145 --> 00:33:38,245
right there and then.

543
00:33:38,864 --> 00:33:41,284
So that just kind of then you start from that point.

544
00:33:41,284 --> 00:33:45,745
They create dependency and then they can use your dependence on that

545
00:33:45,745 --> 00:33:51,924
to basically force your hand on demanding more government.

546
00:33:51,924 --> 00:33:54,465
They can literally purposefully be incompetent

547
00:33:54,465 --> 00:34:01,465
on the thing that you're now dependent on so that you beg and, and attempt to get more government

548
00:34:01,465 --> 00:34:07,784
involvement. And that's a, and they can take your money. Like your money, your money is kind of like,

549
00:34:07,924 --> 00:34:14,425
yes, like governments is in their nature to just extract resources from people. Like that's kind

550
00:34:14,425 --> 00:34:18,004
of what government is. It's like, you know, they offer you a few, they sprinkle a few things

551
00:34:18,004 --> 00:34:21,744
into the mix to make you think that, you know, they're doing something good for you. Like,

552
00:34:21,744 --> 00:34:23,764
oh, we'll give you some healthcare, we'll give you some education.

553
00:34:23,764 --> 00:34:25,984
But really, those are just kind of the sprinklings to say,

554
00:34:25,984 --> 00:34:31,385
like, we're going to have the image of kind of like legitimacy.

555
00:34:31,744 --> 00:34:33,544
Like, they want the illusion of legitimacy.

556
00:34:33,544 --> 00:34:37,365
And the way to do that is to just sprinkle a few kind of like trinkets in

557
00:34:37,365 --> 00:34:39,564
so that people, to keep people happy.

558
00:34:39,964 --> 00:34:42,104
It's like a PR firm for violence.

559
00:34:43,325 --> 00:34:45,004
Oh, that's good. Yeah, I like that.

560
00:34:45,024 --> 00:34:46,964
It's a PR firm for violence, right?

561
00:34:47,084 --> 00:34:50,425
Is that they put very in-your-face things

562
00:34:50,425 --> 00:34:53,564
and things that they try to get as close to you as possible,

563
00:34:53,564 --> 00:34:55,425
like sending you a freaking check in the mail

564
00:34:55,425 --> 00:34:57,784
or depositing money into your bank account

565
00:34:57,784 --> 00:35:00,564
when it's like an IRS refund or whatever.

566
00:35:00,624 --> 00:35:02,345
Like, look at all these things that we're giving you.

567
00:35:02,345 --> 00:35:05,544
And anything on the surface that they actually do is good.

568
00:35:05,845 --> 00:35:10,325
I'm 100% certain that there's zero, absolutely none.

569
00:35:10,504 --> 00:35:12,765
No institution, no government system,

570
00:35:13,004 --> 00:35:16,784
no government program that isn't 90% fraud

571
00:35:16,784 --> 00:35:18,905
and 10% things really in front of you

572
00:35:18,905 --> 00:35:20,144
that they can point at.

573
00:35:20,425 --> 00:35:27,685
So that when you attack the 90% of the fraud, they say, what about these kids who don't have lunch at school?

574
00:35:27,685 --> 00:35:34,345
And it's like that was what they spent the 10% on because that's what the PR firm needs to keep the 90% running.

575
00:35:34,665 --> 00:35:35,845
And that's the whole machine.

576
00:35:36,245 --> 00:35:44,604
Top to bottom, front to back, the whole fucking thing is fraud with a 10% that the PR firm manages to keep everything in front of you.

577
00:35:44,604 --> 00:35:50,925
in the game is to run the politics so that you can make sure that that 10% is being projected

578
00:35:50,925 --> 00:35:52,064
to get more power.

579
00:35:52,925 --> 00:35:53,365
Yeah.

580
00:35:53,524 --> 00:35:56,304
Like, and that's what the whole game, it's the whole game.

581
00:35:56,665 --> 00:35:59,264
I agree that that's, that's pretty much how it works.

582
00:36:00,325 --> 00:36:01,004
So, okay.

583
00:36:01,084 --> 00:36:03,984
So that was a, I was telling the story.

584
00:36:04,185 --> 00:36:05,144
I was telling the story.

585
00:36:08,165 --> 00:36:09,245
Oh, that was great.

586
00:36:09,385 --> 00:36:10,845
I really enjoyed that.

587
00:36:10,885 --> 00:36:11,705
That was a nice segue.

588
00:36:11,925 --> 00:36:14,284
So we, we kind of kept people on a, on a cliffhanger.

589
00:36:14,284 --> 00:36:19,504
So to finish what happened with the ledger thing.

590
00:36:19,665 --> 00:36:24,705
So yeah, I ended up trying to send this transaction.

591
00:36:24,825 --> 00:36:27,964
It didn't work because I couldn't see the address.

592
00:36:28,584 --> 00:36:30,044
I then got the seed words.

593
00:36:30,144 --> 00:36:31,865
So I got the two sets of 12 seed words.

594
00:36:32,725 --> 00:36:34,345
And I was like, okay, I'm going to do the recovery.

595
00:36:34,944 --> 00:36:37,825
Put the seed words in and I got into Sparrow

596
00:36:37,825 --> 00:36:39,584
and I got invalid checksum.

597
00:36:39,845 --> 00:36:43,624
So at that point, I knew there was a problem.

598
00:36:43,624 --> 00:36:47,425
and this is when we talked right because i think it was just when i figured this out and then we

599
00:36:47,425 --> 00:36:54,825
had a call and i was kind of just like you know i was just like i was just white and i was like okay

600
00:36:54,825 --> 00:37:02,345
exactly so i got it yeah so well yeah you were actually very like chill about the whole thing

601
00:37:02,345 --> 00:37:07,624
and i guess in retrospect like knowing that like the problem is you never really know right like if

602
00:37:07,624 --> 00:37:11,084
you put your c words and you try to do recovery and something's wrong you're like okay well have

603
00:37:11,084 --> 00:37:16,405
i got one word wrong have i got two words wrong have i my worry was that maybe i had accidentally

604
00:37:16,405 --> 00:37:21,725
because the seeds have been kept as two separate sets of 12 that perhaps i'd accidentally got the

605
00:37:21,725 --> 00:37:28,944
wrong two sets so i got 12 words from one wallet 12 from another etc luckily i'm very good at keeping

606
00:37:28,944 --> 00:37:33,205
everything i've done so even if i've used a wallet and i'm and i get rid of the wallet and there's

607
00:37:33,205 --> 00:37:38,064
not there's no balance in it i'm this kind of paranoid freak that just keeps the seed words

608
00:37:38,064 --> 00:37:43,124
anyway and puts it in like an old folder because like i even satoshi said that there's no reason

609
00:37:43,124 --> 00:37:47,944
to get rid of all the keys just keep them yeah there's a great quote from satoshi back in like

610
00:37:47,944 --> 00:37:53,424
2010 or something yeah so i'd actually done that so my initial instinct was okay maybe i've swapped

611
00:37:53,424 --> 00:37:59,764
out words etc and then kind of like i was already thinking this is going to be like a a problem that

612
00:37:59,764 --> 00:38:04,544
i'm going to employ ai to help me with and someone had done this recently i had already read an

613
00:38:04,544 --> 00:38:10,205
article of someone who had done kind of like who had cracked an old wallet using ai and so i was

614
00:38:10,205 --> 00:38:14,165
already like okay i know it's possible but the fact that that story kind of became so big and a

615
00:38:14,165 --> 00:38:19,705
lot of people were talking about i was like i know it's possible but is it very rare and unlikely and

616
00:38:19,705 --> 00:38:25,865
actually you gave me a really really good idea about this which was you said when you're building

617
00:38:25,865 --> 00:38:29,905
this out because obviously like you know it's risky building stuff with al is because you don't

618
00:38:29,905 --> 00:38:34,524
want to like you can't give it the c words you have to kind of get it to build something that

619
00:38:34,524 --> 00:38:39,225
you put the c words into ideally you can run offline and i'll kind of get into how that works

620
00:38:39,225 --> 00:38:45,644
in a minute but um essentially you said to me create a wallet or use an existing kind of you

621
00:38:45,644 --> 00:38:51,725
know just pocket change wallet give it the c c words and give it one c word wrong get it to write

622
00:38:51,725 --> 00:38:56,144
the program or give it you know multiple you know one or two words wrong or whatever get it to write

623
00:38:56,144 --> 00:39:15,147
the program that will handle it and then do that And I think my confidence you know started to get a little bit of a boost when I did that because i basically i had a wallet that just had like you know five dollars or whatever in it and i put um i gave it the seed words i gave it one word wrong and i also um got it to interview

624
00:39:15,147 --> 00:39:20,747
me on the on my specific problem so i basically went to kimmy this is when kimmy k3 had just come

625
00:39:20,747 --> 00:39:26,007
out and i basically said interview me about everything to do with how i've stored these keys

626
00:39:26,007 --> 00:39:27,887
and it was asking great questions.

627
00:39:27,987 --> 00:39:28,547
It said like, you know,

628
00:39:28,567 --> 00:39:29,927
did you write them all in one list?

629
00:39:30,007 --> 00:39:31,567
Did you write it in two columns of,

630
00:39:31,987 --> 00:39:33,887
did you write the 24 words as like,

631
00:39:33,947 --> 00:39:35,627
you know, four columns of six

632
00:39:35,627 --> 00:39:37,127
or did you do it as three columns of eight?

633
00:39:37,407 --> 00:39:38,487
Like, which, you know,

634
00:39:38,487 --> 00:39:39,987
do you have any other C words

635
00:39:39,987 --> 00:39:41,287
that it could have got mixed up with?

636
00:39:41,347 --> 00:39:42,367
It was really good.

637
00:39:42,427 --> 00:39:43,947
And I already kind of prompted it,

638
00:39:43,987 --> 00:39:44,967
like, you know, ask me how I,

639
00:39:45,027 --> 00:39:46,507
you know, noted the words down.

640
00:39:46,567 --> 00:39:47,527
So I gave it a bit of information,

641
00:39:47,607 --> 00:39:49,687
but just said anything I've not considered,

642
00:39:50,347 --> 00:39:51,147
ask me about it.

643
00:39:51,147 --> 00:39:52,747
That's going to help you to perform this task.

644
00:39:53,747 --> 00:39:54,327
So anyway,

645
00:39:54,327 --> 00:40:02,107
it basically wrote me a program which i was able to run separately so in the case of doing the test

646
00:40:02,107 --> 00:40:05,287
run i didn't bother like disconnecting the wi-fi and stuff because i was like it's five dollars i

647
00:40:05,287 --> 00:40:10,607
don't really care like being connected while i do this uh but it worked immediately like i i basically

648
00:40:10,607 --> 00:40:17,407
just um it gave me essentially just like two uh it gave me like a .md file like two .md files and

649
00:40:17,407 --> 00:40:22,387
it just said another another aspect of it was do i know the xpub which i did know the xpub because i

650
00:40:22,387 --> 00:40:24,507
I was able to pull it out of, like with difficulty,

651
00:40:24,687 --> 00:40:26,307
I was able to pull that out of Ledger Live.

652
00:40:27,327 --> 00:40:27,787
Oh, okay.

653
00:40:28,007 --> 00:40:30,227
But essentially it kind of was like, if you, you know,

654
00:40:30,507 --> 00:40:32,307
one MD file, give me an XPUB,

655
00:40:32,427 --> 00:40:34,307
other MD file, give me all of the words,

656
00:40:34,367 --> 00:40:35,707
like numbered as you understood them.

657
00:40:35,707 --> 00:40:36,947
You can check without the internet.

658
00:40:37,447 --> 00:40:38,227
You got that XPUB?

659
00:40:38,327 --> 00:40:38,687
Exactly.

660
00:40:39,327 --> 00:40:41,227
So it literally used those files.

661
00:40:41,387 --> 00:40:44,087
It picked up the stuff I'd done in there.

662
00:40:44,087 --> 00:40:47,267
I ran the program and within, like this one took a matter of seconds

663
00:40:47,267 --> 00:40:49,747
and it was immediately just like, boom, this is the incorrect word.

664
00:40:49,747 --> 00:40:56,707
because it was able to use the xpub to find like a matching seed um and i was like okay well it

665
00:40:56,707 --> 00:41:00,927
worked for this hopefully it can work for mine so i spent well paul's actually i got to realize

666
00:41:00,927 --> 00:41:09,287
like invalid checksum for anybody who doesn't know your 24th word and this is actually true

667
00:41:09,287 --> 00:41:16,067
of like the end of a bitcoin address whoops uh the end of a bitcoin address as well is the i think

668
00:41:16,067 --> 00:41:20,587
it's like the last eight characters or six characters or something like that is a checksum,

669
00:41:20,687 --> 00:41:26,987
which means that it's a hash of the whole thing, like going back. So if there's anything at all

670
00:41:26,987 --> 00:41:33,647
wrong in those last six, or if there's anything wrong in the, in the first part, they won't match

671
00:41:33,647 --> 00:41:38,947
up. It will just be an invalid address. And this was actually created way back in like 2011 or

672
00:41:38,947 --> 00:41:44,567
something, because you can actually punch one character wrong or paste or one character wrong

673
00:41:44,567 --> 00:41:46,887
or one character missing in an address field,

674
00:41:47,087 --> 00:41:48,887
and you'd still be able to send Bitcoin to it,

675
00:41:48,927 --> 00:41:50,947
even though you could not create a private key.

676
00:41:51,407 --> 00:41:53,307
And so they added the checksum on the end

677
00:41:53,307 --> 00:41:56,187
so that the end and this part,

678
00:41:56,287 --> 00:41:58,627
just like a normal hash of any file,

679
00:41:59,447 --> 00:42:00,647
they have to match.

680
00:42:00,927 --> 00:42:02,187
So if anything's different,

681
00:42:02,487 --> 00:42:04,807
but you still got those six right at the end,

682
00:42:05,307 --> 00:42:08,047
then the rest of the address has to be aligned with those six.

683
00:42:08,047 --> 00:42:09,767
And in the exact same way, a seed phrase,

684
00:42:09,907 --> 00:42:12,107
the 24th word in a seed phrase

685
00:42:12,107 --> 00:42:14,067
is actually just a checksum.

686
00:42:14,067 --> 00:42:18,427
It's a piece of a hash of the rest of the 23 words.

687
00:42:18,907 --> 00:42:22,087
So it means that something is wrong in those 23 words.

688
00:42:22,247 --> 00:42:26,007
He could have accidentally booted that up and let's say he was sending money to it.

689
00:42:26,707 --> 00:42:31,927
He could have accidentally typed in the wrong seed words and then sent money to it.

690
00:42:32,427 --> 00:42:34,227
And well, I guess you have the seed word, so I guess that doesn't matter.

691
00:42:34,467 --> 00:42:40,727
But regardless, the whole idea is that you just know there's something wrong with those 23.

692
00:42:40,727 --> 00:42:42,187
or I guess the 24th,

693
00:42:42,207 --> 00:42:43,867
you knew something's wrong in one of those things

694
00:42:43,867 --> 00:42:46,767
because the seed itself is not valid.

695
00:42:46,907 --> 00:42:49,607
The end does not prove or verify the fact

696
00:42:49,607 --> 00:42:51,467
that all the beginning of it is accurate.

697
00:42:51,667 --> 00:42:53,507
So that's what it means when it says invalid checksum.

698
00:42:53,667 --> 00:42:56,087
You just know that one piece of information somewhere is wrong,

699
00:42:56,347 --> 00:42:56,987
but you don't know what.

700
00:42:57,347 --> 00:42:57,867
Okay, sorry.

701
00:42:57,927 --> 00:42:58,187
That's true.

702
00:42:58,247 --> 00:42:59,707
I actually have a question for you on that.

703
00:42:59,807 --> 00:43:00,787
You might know the answer to.

704
00:43:00,947 --> 00:43:03,427
What I've noticed when you put in the 23 words,

705
00:43:03,607 --> 00:43:05,107
if you go into Sparrow and you put in like,

706
00:43:05,107 --> 00:43:07,167
you just pick 23 words of a seed,

707
00:43:07,867 --> 00:43:10,507
the checksum can be a selection of words.

708
00:43:10,507 --> 00:43:12,227
It's not just one specific one, right?

709
00:43:13,147 --> 00:43:15,427
Like, it's not just there's one word.

710
00:43:15,927 --> 00:43:19,447
Like, I noticed that maybe there was probably about, like, 10 to 15.

711
00:43:19,607 --> 00:43:21,227
I don't know exactly how many words there was,

712
00:43:21,267 --> 00:43:23,187
but there was multiple that the last one could be.

713
00:43:23,267 --> 00:43:28,047
It's not a single word in the kind of mnemonic word list.

714
00:43:29,627 --> 00:43:30,607
Do you know the answer to that?

715
00:43:30,607 --> 00:43:31,067
I don't know.

716
00:43:31,887 --> 00:43:32,807
I don't know.

717
00:43:33,807 --> 00:43:35,927
Because, yeah, I think that basically, you know,

718
00:43:36,367 --> 00:43:38,827
if your words 1 to 23 are the same,

719
00:43:38,827 --> 00:43:40,827
I think there's a number of 24 words.

720
00:43:40,827 --> 00:43:44,827
Obviously, there's one checksum, but I don't know.

721
00:43:44,827 --> 00:43:46,827
We're doing it live.

722
00:43:46,827 --> 00:43:48,827
We're doing it live.

723
00:43:48,827 --> 00:43:50,827
We're doing it live.

724
00:43:50,827 --> 00:43:56,827
Possible word for standard 24 word, fixing the first 23 leaves exactly eight possible

725
00:43:56,827 --> 00:43:59,827
final words that pass the checksum check.

726
00:43:59,827 --> 00:44:00,827
Okay.

727
00:44:00,827 --> 00:44:08,747
I guess it kind of makes sense because it's a range and the 24 words don't actually encompass

728
00:44:08,827 --> 00:44:12,127
all of the possible ranges of keys.

729
00:44:12,607 --> 00:44:15,627
Like the multiple is different for those 24 words

730
00:44:15,627 --> 00:44:18,407
versus the entire key space.

731
00:44:19,987 --> 00:44:23,007
So I guess that makes, so it's two to three,

732
00:44:23,107 --> 00:44:25,407
it's three bits that are off.

733
00:44:25,507 --> 00:44:27,067
So it's eight possible values.

734
00:44:27,187 --> 00:44:28,307
They're all valid checksums.

735
00:44:28,467 --> 00:44:30,847
So you could technically have different words

736
00:44:30,847 --> 00:44:32,687
and still have a valid checksum.

737
00:44:32,727 --> 00:44:34,247
There's something in this as well, Guy.

738
00:44:34,827 --> 00:44:36,907
If you divide 2048,

739
00:44:37,127 --> 00:44:38,647
which is the number of words on the word list,

740
00:44:38,647 --> 00:44:48,807
by eight it's 256 so i guess that's something to do with the 256 that number can't be an accident

741
00:44:48,807 --> 00:44:54,267
right there must be a reason it's eight no yeah that's got to be that i think that's literally

742
00:44:54,267 --> 00:44:59,987
just kind of because it's the multiple because it's because you have uh you're just a handful

743
00:44:59,987 --> 00:45:06,487
of bits off but you are you're literally because it's 250 number i think it's because it's 256

744
00:45:06,487 --> 00:45:11,167
256, oh man, we need to, like, this is an interesting question to explore.

745
00:45:11,267 --> 00:45:12,647
There's a reason it's 256, right?

746
00:45:12,687 --> 00:45:17,707
Because it's 256 bits of entropy is the entire thing.

747
00:45:18,667 --> 00:45:22,227
So I guess that, like, when you break that down to just, like,

748
00:45:22,247 --> 00:45:23,987
the single last word, there's something in it.

749
00:45:26,847 --> 00:45:30,107
Yeah, I would like to break down what the exact specific math is

750
00:45:30,107 --> 00:45:34,307
and what those relationships are, but there's no way that's not coincidental.

751
00:45:34,447 --> 00:45:35,607
Guys take coming soon.

752
00:45:35,607 --> 00:45:36,687
That is coincidental.

753
00:45:38,067 --> 00:45:38,827
There we go.

754
00:45:39,487 --> 00:45:42,607
Okay, so yeah, anyway, invalid checks didn't work.

755
00:45:42,787 --> 00:45:46,247
So I basically wrote the test program.

756
00:45:46,367 --> 00:45:46,987
It worked great.

757
00:45:47,507 --> 00:45:51,707
And then I basically had it do the kind of like the live run.

758
00:45:51,707 --> 00:45:54,207
The other thing I did, which is another suggestion by you,

759
00:45:54,267 --> 00:45:56,807
was to take the code that Kimmy had produced

760
00:45:56,807 --> 00:46:00,807
and give it to another model to basically audit it

761
00:46:00,807 --> 00:46:03,627
and make sure that one, it wasn't doing anything kind of malicious,

762
00:46:03,927 --> 00:46:05,447
and two, that it was just doing a good job.

763
00:46:05,607 --> 00:46:08,427
And it did notice one kind of issue,

764
00:46:08,587 --> 00:46:12,947
which was that basically it was kind of like if the XPUB existed,

765
00:46:13,147 --> 00:46:15,287
it also asks, by the way, for like one of the addresses,

766
00:46:15,527 --> 00:46:18,047
like ideally the first address that was produced by the wallet.

767
00:46:19,287 --> 00:46:21,207
Because that's another way you can check if the seed is correct.

768
00:46:21,267 --> 00:46:22,527
You don't necessarily need the XPUB.

769
00:46:22,587 --> 00:46:25,527
So if you have a receive address, it will do it.

770
00:46:25,527 --> 00:46:29,747
And I believe that earlier the address works better

771
00:46:29,747 --> 00:46:31,707
because I think that then when you're recreating it,

772
00:46:32,027 --> 00:46:34,067
it doesn't have to cycle through every single one and say,

773
00:46:34,127 --> 00:46:34,747
okay, was it this address?

774
00:46:34,747 --> 00:46:38,307
I was about to say, it is like deterministic in order.

775
00:46:38,487 --> 00:46:40,727
So if it's like the thousandth address or whatever,

776
00:46:40,907 --> 00:46:42,307
you need to actually check.

777
00:46:42,707 --> 00:46:46,187
You have to try that deep to find out if that's the right one.

778
00:46:46,187 --> 00:46:47,987
Yeah, so it's basically like the first address,

779
00:46:48,087 --> 00:46:50,607
I think is pretty much as, you know,

780
00:46:50,667 --> 00:46:52,247
near enough as good as the XPUB.

781
00:46:52,667 --> 00:46:54,527
And then after that, it gets kind of like, you know,

782
00:46:54,567 --> 00:46:56,627
increasingly more timely to do it.

783
00:46:57,207 --> 00:46:59,207
But I had the, so I had the first address and I had the XPUB.

784
00:46:59,287 --> 00:47:00,507
And when I used the other model,

785
00:47:00,927 --> 00:47:02,987
I think I was using maybe Opus or something like that.

786
00:47:02,987 --> 00:47:09,047
And it basically said, ah, well, you know, if you've given it an XPUB, it's not using the first Bitcoin address.

787
00:47:09,387 --> 00:47:10,527
And you have both.

788
00:47:10,907 --> 00:47:16,647
So if you've got a kind of error in the XPUB, if you've got a character wrong or whatever, you don't have a fallback option.

789
00:47:16,707 --> 00:47:18,467
And it might actually be able to find it.

790
00:47:18,627 --> 00:47:23,107
So that's another really useful thing was just getting another model to just review it.

791
00:47:23,107 --> 00:47:27,807
And then I just gave essentially the feedback back and said, rebuild it, keep this in mind.

792
00:47:27,947 --> 00:47:28,767
And it fixed it.

793
00:47:30,367 --> 00:47:31,907
So it created the program.

794
00:47:31,907 --> 00:47:36,347
and I was I was I was still freaking out at this point this had been like a day on you know like

795
00:47:36,347 --> 00:47:43,807
pure adrenaline I was literally when I say I was literally shaking I mean it it's not I believe it

796
00:47:43,807 --> 00:47:48,587
I believe it man I know what that feels like I know this is how crazy it was my heart was beating

797
00:47:48,587 --> 00:47:53,687
like so fast I was like I think I'm gonna have to have a heart I think I'm gonna have a heart attack

798
00:47:53,687 --> 00:48:00,067
and my my my wife has like a little mini trampoline like for you know doing like uh like exercises and

799
00:48:00,067 --> 00:48:04,907
I was like, I need to go and just bounce on this trampoline for like 20 minutes because...

800
00:48:04,907 --> 00:48:06,007
You get my rhythm down.

801
00:48:06,227 --> 00:48:09,707
Yeah, like I need to match what my heart is doing with my actual body

802
00:48:09,707 --> 00:48:11,707
because otherwise I'm just going to pass out.

803
00:48:11,987 --> 00:48:13,167
So it was that bad.

804
00:48:14,607 --> 00:48:17,807
So I went into the next room and I left it going.

805
00:48:17,987 --> 00:48:21,147
By the way, I ran this when I ran the live test,

806
00:48:21,807 --> 00:48:25,007
turned off the Wi-Fi literally like completely.

807
00:48:25,767 --> 00:48:27,827
I had this program, had all of the stuff there,

808
00:48:27,827 --> 00:48:30,407
and I basically just hit enter in the terminal.

809
00:48:30,567 --> 00:48:31,767
It was like, boom, there it goes.

810
00:48:31,847 --> 00:48:33,367
The script is running and I just went off.

811
00:48:34,287 --> 00:48:35,787
And I was expecting this might take a bit of time.

812
00:48:35,947 --> 00:48:40,607
So I was like, okay, maybe I'll have to leave overnight or something.

813
00:48:41,447 --> 00:48:43,767
But I literally went into the kitchen, I washed the dishes,

814
00:48:44,087 --> 00:48:47,627
I came back and it had found a match

815
00:48:47,627 --> 00:48:50,747
and it literally just printed my entire seed phrase there.

816
00:48:50,827 --> 00:48:52,807
And it said, oh, you know, word 14,

817
00:48:53,447 --> 00:48:57,687
it was supposed to be ritual and I had rival or something like that.

818
00:48:57,687 --> 00:49:01,207
it was basically a slight error in how I'd recorded the word.

819
00:49:01,507 --> 00:49:04,147
And I was like elated at this point.

820
00:49:04,207 --> 00:49:06,487
I was like, oh my God, this is just incredible.

821
00:49:06,667 --> 00:49:07,387
I couldn't believe it.

822
00:49:07,387 --> 00:49:08,127
It feels crazy.

823
00:49:08,687 --> 00:49:10,247
It feels crazy that you just like,

824
00:49:10,447 --> 00:49:13,147
you built an app to recover a seed phrase

825
00:49:13,147 --> 00:49:14,927
and it found that shit while you went and did the dishes.

826
00:49:14,927 --> 00:49:16,367
Yeah, it's literally like the most,

827
00:49:16,487 --> 00:49:18,007
this is the most useful thing.

828
00:49:18,207 --> 00:49:20,527
I think the whole thing, by the way,

829
00:49:20,607 --> 00:49:23,267
cost me like $1.30 in Kimmy credits

830
00:49:23,267 --> 00:49:26,027
to basically save like half of my stack.

831
00:49:26,027 --> 00:49:27,947
And half your stack was like five.

832
00:49:28,127 --> 00:49:30,587
So you got like $4 back.

833
00:49:30,747 --> 00:49:34,467
You got like 80% of your money.

834
00:49:34,567 --> 00:49:36,427
It only cost you 20% to recover.

835
00:49:36,987 --> 00:49:38,327
100% profit.

836
00:49:40,707 --> 00:49:43,047
So yeah, it was absolutely wild.

837
00:49:43,167 --> 00:49:43,747
So I got it.

838
00:49:43,787 --> 00:49:45,647
But I had another issue after that though,

839
00:49:45,647 --> 00:49:48,307
which was that like I had Ledger.

840
00:49:48,627 --> 00:49:49,867
In the time I've been using Ledger,

841
00:49:50,007 --> 00:49:51,507
it started with like a legacy wallet

842
00:49:51,507 --> 00:49:53,907
and then it moved to like a native Segwit one.

843
00:49:53,907 --> 00:50:00,867
and when it came back um i kind of like went to try and try and get the funds and i was on spiral

844
00:50:00,867 --> 00:50:06,747
boom like put in all the seed words and in the wallet and it was like zero balance and i'd say

845
00:50:06,747 --> 00:50:11,727
i'm not sure i've told you this part of the story guy but i i went on there and i was like it's got

846
00:50:11,727 --> 00:50:15,647
zero balance but i but obviously i could see some of the recent transactions and i was like what are

847
00:50:15,647 --> 00:50:20,987
these like all of the money has been like it's gone it's to zero but i was like it's been it's

848
00:50:20,987 --> 00:50:24,827
been taken out and i was like where is it so i started looking through the mempool to see like

849
00:50:24,827 --> 00:50:31,607
where has this money gone and uh this all this money has gone out and i was like when was that

850
00:50:31,607 --> 00:50:38,467
and guess guess which guess which day it was that the money had gone out was it the cold card day

851
00:50:38,467 --> 00:50:45,407
it was the the day of the cold card hack and i realized that like the entire balance had been

852
00:50:45,407 --> 00:50:52,067
sweat. And I was like, oh my God, what has gone on here? And I think like what I'd done without

853
00:50:52,067 --> 00:50:56,767
realizing it is that I'd actually used this previously and put half of the funds from that

854
00:50:56,767 --> 00:51:02,287
wallet onto cold card. So what I'd seen is the money, I was kind of tracing the money. So I'd

855
00:51:02,287 --> 00:51:06,367
seen it go out of my ledger onto the cold card. And when I'd kind of continue going through the

856
00:51:06,367 --> 00:51:11,567
transactions, I was actually looking, the final transaction was me moving it from my cold card,

857
00:51:11,567 --> 00:51:13,367
sweeping it from there.

858
00:51:13,447 --> 00:51:16,967
It was the one of the original Mark III sweep.

859
00:51:17,127 --> 00:51:18,747
Yes, it was my own sweep,

860
00:51:18,907 --> 00:51:19,927
but I didn't recognize,

861
00:51:20,127 --> 00:51:22,067
I kind of chased the transaction.

862
00:51:22,067 --> 00:51:23,527
You don't memorize your addresses?

863
00:51:24,427 --> 00:51:24,667
No.

864
00:51:24,667 --> 00:51:25,827
You don't memorize all of them?

865
00:51:25,827 --> 00:51:26,107
I don't memorize them.

866
00:51:26,547 --> 00:51:26,687
No.

867
00:51:27,147 --> 00:51:27,627
Lazy.

868
00:51:29,887 --> 00:51:32,607
I have the first 400 of every wallet,

869
00:51:32,967 --> 00:51:34,727
always, right here.

870
00:51:35,307 --> 00:51:37,047
You'll be, okay, you're set.

871
00:51:37,107 --> 00:51:38,047
You're set for this guy.

872
00:51:39,047 --> 00:51:41,267
So anyway, I was like, okay,

873
00:51:41,567 --> 00:51:42,527
I've been swept.

874
00:51:42,647 --> 00:51:44,887
Like my first thought was I've been swept, right?

875
00:51:45,407 --> 00:51:48,147
And then I kind of realized, okay, I sat down.

876
00:51:48,207 --> 00:51:49,007
I tried to be calm with it.

877
00:51:49,047 --> 00:51:50,627
I was like, okay, no, that was me sweeping the funds.

878
00:51:51,307 --> 00:51:53,827
In the end, what I realized is that what I'd done is I'd swept.

879
00:51:54,687 --> 00:51:57,727
I've kind of moved one of my older wallets all onto that cold card,

880
00:51:57,787 --> 00:51:59,447
but the native SegWit.

881
00:51:59,647 --> 00:52:01,387
Oh, I think I'd moved the native SegWit off,

882
00:52:01,487 --> 00:52:02,427
and the other wallet was still there.

883
00:52:02,487 --> 00:52:03,567
I can't remember which way it was around.

884
00:52:03,567 --> 00:52:04,987
And you'd switched to like P2S.

885
00:52:04,992 --> 00:52:12,472
page or something yeah so basically like sparrow had defaulted to uh i think it defaulted to native

886
00:52:12,472 --> 00:52:16,692
segway and i ended up needing to do some kind of like import key store thing and switching it to a

887
00:52:16,692 --> 00:52:20,552
different derivation path so there was still a process which obviously like i just kind of like

888
00:52:20,552 --> 00:52:25,012
was speaking to kimmy still and saying like okay like you know i've got into the wallet the funds

889
00:52:25,012 --> 00:52:31,632
out there and uh what it had done is like i've given it two xpubs and used the first one and it

890
00:52:31,632 --> 00:52:34,692
had kind of ignored the second because it knew they were both the same but it treated it as if

891
00:52:34,692 --> 00:52:38,952
the first one was the funds turned out the first one wasn't the fund the first one didn't contain

892
00:52:38,952 --> 00:52:43,332
the funds but it obviously was like generated by the private key so i was still able to then just

893
00:52:43,332 --> 00:52:49,012
kind of like figure it out get the right derivation path and move the funds but the whole ordeal was

894
00:52:49,012 --> 00:52:54,852
just absolutely crazy um i mean it was it was weird having read this other article um about

895
00:52:54,852 --> 00:52:58,692
someone gone through having gone through this process and then being like having to go through

896
00:52:58,692 --> 00:53:04,772
that myself yeah but yeah it was it was a it was a scary time but in retrospect i think that like

897
00:53:04,772 --> 00:53:09,972
your approach or your attitude to it was right it was like okay there's obviously just some minor

898
00:53:09,972 --> 00:53:14,132
mistake and i think for most people if they find themselves in that position probably going to be

899
00:53:14,132 --> 00:53:20,832
just a relatively minor thing that now thankfully with ai you can you can do this yeah and you can

900
00:53:20,832 --> 00:53:26,052
do it without having to trust somebody else you know like i've had a number of people send me

901
00:53:26,052 --> 00:53:32,572
stuff like physically, like mail me hard drives to go through and try to find keys.

902
00:53:32,572 --> 00:53:38,952
And like, that's a huge amount of trust, you know, like, and, and like, I, I'm, I'm honored

903
00:53:38,952 --> 00:53:44,052
that like some people have asked me to help recover stuff and literally given me seed

904
00:53:44,052 --> 00:53:47,132
phrases and stuff to, to help figure things out.

905
00:53:47,172 --> 00:53:49,552
And I've been able to help wherever I can help.

906
00:53:50,232 --> 00:53:55,452
Um, uh, and I only stole two of people's stashes out of like 12.

907
00:53:55,452 --> 00:54:00,892
So I'm doing, I'm a good trustworthy, you know, 80% positive score on that.

908
00:54:01,312 --> 00:54:06,092
But, but like, that's an enormous amount of trust.

909
00:54:06,752 --> 00:54:10,512
You know, like you're, you're, I'm literally people have given me seed phrases and like,

910
00:54:10,632 --> 00:54:11,432
I feel uncomfortable.

911
00:54:11,572 --> 00:54:12,692
I feel like Jesus Christ.

912
00:54:12,732 --> 00:54:16,552
Cause like, I'm now a point of failure, you know, that somebody has given me.

913
00:54:16,572 --> 00:54:22,232
That's why I've been loving going to multi-sig and stuff because I can be a key that can

914
00:54:22,232 --> 00:54:28,812
be a backup for somebody and I can't take it, you know, like somebody can't bust into my house and

915
00:54:28,812 --> 00:54:34,512
put a gun to my head and be like, I want your aunt's coins. And it's like, can't, I can't help

916
00:54:34,512 --> 00:54:38,892
you. You know, like, I don't want to be a, I want to be a point of help for everybody, not a point

917
00:54:38,892 --> 00:54:46,332
of failure where if they get me, they're going to get my whole family. Um, and, uh, but to be able

918
00:54:46,332 --> 00:54:51,612
to do that, that you could do the entire recovery process like yourself, you built a script,

919
00:54:51,612 --> 00:54:58,412
like that's so that's so cool and you did it without even having to trust the model

920
00:54:58,412 --> 00:55:04,792
you had another model check yeah i had another model and you ran the script offline you know

921
00:55:04,792 --> 00:55:09,272
unplugged your wi-fi and everything which is just that's the way to do it because you just know

922
00:55:09,272 --> 00:55:14,152
you're getting you know you're you know you're testing the right thing and you're not like

923
00:55:14,152 --> 00:55:18,652
reaching out to the web and there's no man in the middle anything it's nothing like you're

924
00:55:18,652 --> 00:55:22,092
You have exactly the piece of information that should be the input

925
00:55:22,092 --> 00:55:23,832
and the piece of information that should be the output.

926
00:55:24,372 --> 00:55:25,452
And you have a script in the middle.

927
00:55:27,292 --> 00:55:31,492
And it's, we live in crazy times.

928
00:55:31,652 --> 00:55:33,212
This is such an accelerant.

929
00:55:33,572 --> 00:55:36,332
This is such an, AI is so crazy.

930
00:55:36,352 --> 00:55:39,272
It is, I mean, like all of this stuff, like none of this would have been possible before.

931
00:55:39,392 --> 00:55:39,692
I mean, I'm.

932
00:55:39,772 --> 00:55:41,472
A year ago, a year ago.

933
00:55:41,932 --> 00:55:44,092
Well, imagine how many people will have given up on this,

934
00:55:44,132 --> 00:55:47,232
who will have kind of been, they've had their seed phrase wrong

935
00:55:47,232 --> 00:55:49,452
and through the years, like from, you know,

936
00:55:49,512 --> 00:55:53,432
basically like 2009 to about 2021,

937
00:55:53,912 --> 00:55:54,952
who would have just been like,

938
00:55:55,592 --> 00:55:56,692
there's no way for me to do this.

939
00:55:56,792 --> 00:55:58,112
The seed phrase is wrong.

940
00:55:58,212 --> 00:56:00,032
I can't get the funds back.

941
00:56:00,092 --> 00:56:00,512
That's it.

942
00:56:00,632 --> 00:56:02,352
Like, this is why you should, you know,

943
00:56:02,352 --> 00:56:03,632
this is why you should always kind of like

944
00:56:03,632 --> 00:56:05,312
just keep as much as you can,

945
00:56:05,392 --> 00:56:06,732
like of the wallets you have,

946
00:56:06,772 --> 00:56:08,012
even if you think a wallet's lost,

947
00:56:08,192 --> 00:56:11,572
like, you know, AI is becoming so good at solving these.

948
00:56:11,652 --> 00:56:13,052
And especially like with this thing,

949
00:56:13,172 --> 00:56:14,292
I will actually shout out,

950
00:56:14,292 --> 00:56:17,012
there's a project on GitHub called BTC Recover.

951
00:56:17,232 --> 00:56:20,972
and someone has created a project specifically for doing this.

952
00:56:21,032 --> 00:56:24,892
I actually only found out about it literally right after I'd kind of gone through the process of building it myself.

953
00:56:24,892 --> 00:56:31,052
But if I was to do it again, I would basically just download that entire repo

954
00:56:31,052 --> 00:56:36,772
and then I would just point AI at that and say, just use this and fill in any gaps kind of thing

955
00:56:36,772 --> 00:56:40,432
so that people have got other tools to do it.

956
00:56:40,612 --> 00:56:44,752
But like you said, it's one of those things that you really need to do it yourself.

957
00:56:44,752 --> 00:56:47,332
and like thankfully AI has given us tools to do that.

958
00:56:47,612 --> 00:56:48,312
I mean, I had people,

959
00:56:48,412 --> 00:56:50,492
because when I put the tweet out saying that,

960
00:56:50,512 --> 00:56:51,712
you know, like I didn't have access,

961
00:56:51,792 --> 00:56:53,432
can anyone like help or advise?

962
00:56:54,332 --> 00:56:57,372
I mean, I had people reach out to me in comments saying like,

963
00:56:57,472 --> 00:56:59,672
oh, I'll do a recovery for you,

964
00:56:59,752 --> 00:57:02,212
but I, you know, my price is 30%.

965
00:57:02,212 --> 00:57:05,052
And it's like, if you are actually desperate

966
00:57:05,052 --> 00:57:06,612
and you don't know how to use these tools

967
00:57:06,612 --> 00:57:09,152
and you know, you've got like hundreds of thousands of dollars,

968
00:57:09,272 --> 00:57:10,532
millions of dollars, whatever you've got.

969
00:57:11,132 --> 00:57:13,052
Yeah, like you probably will be like,

970
00:57:13,132 --> 00:57:13,652
well, you know what?

971
00:57:13,652 --> 00:57:18,412
Like if I got to pay 300 grand to someone in order to get 700 grand back,

972
00:57:18,572 --> 00:57:19,792
that's worth it.

973
00:57:19,792 --> 00:57:20,432
But it's like,

974
00:57:20,552 --> 00:57:21,932
thankfully with AI,

975
00:57:21,932 --> 00:57:24,652
you're able to do these things yourself.

976
00:57:25,012 --> 00:57:25,812
That's a fee.

977
00:57:26,272 --> 00:57:28,152
That's a fee for a knowledge gap.

978
00:57:28,992 --> 00:57:32,652
And AI shrinks that gap so hard,

979
00:57:33,332 --> 00:57:34,372
so hard,

980
00:57:34,692 --> 00:57:41,152
like knowledge or skill and,

981
00:57:41,152 --> 00:57:42,672
and information,

982
00:57:42,672 --> 00:57:52,912
Information arbitrage is going to be insanely difficult to capitalize on in the age of AI because it's going to shrink that gap.

983
00:57:53,952 --> 00:57:56,952
And what I think it will be about delivery.

984
00:57:56,952 --> 00:58:18,792
It will be about like the way, the ease of the end user, because anybody with like a little bit of capability and a little bit of motivation to just like push, push through and spend the time figuring it out is going to, is probably going to be able to figure it out with AI.

985
00:58:18,932 --> 00:58:23,052
And you can actually do it in such a way that you don't even have to trust like the model itself.

986
00:58:23,052 --> 00:58:30,652
um yeah but it's yeah it really is amazing it's changed it so much but i mean the thing is so

987
00:58:30,652 --> 00:58:34,612
this is the thing there's a lot of emphasis on the moment like how ai is making everything like

988
00:58:34,612 --> 00:58:39,632
less secure and all of this kind of stuff and that is a part of the story like of course like any tool

989
00:58:39,632 --> 00:58:45,232
any powerful tool has its like advantages and disadvantages or has the thing you know like bad

990
00:58:45,232 --> 00:58:49,292
guys can use it good guys can use it but the the power that i think this actually gives the

991
00:58:49,292 --> 00:58:53,612
individual for doing stuff like recovery. Like I think that in the long run, there's going to be

992
00:58:53,612 --> 00:58:58,892
way more people who use this to recover their funds than people who use it and manage to steal

993
00:58:58,892 --> 00:59:03,392
someone else's fund. Because the information you can give it, like I got it to interview me, like

994
00:59:03,392 --> 00:59:08,072
how did I store the seed words? Like did I do it in columns or did I do it in rows? Did I mix it,

995
00:59:08,132 --> 00:59:12,072
et cetera? All that stuff I can choose selectively to give to the AI. Whereas an attacker,

996
00:59:12,652 --> 00:59:17,412
they're basically going in with a kind of like a blank slate and trying to do an attack from,

997
00:59:17,412 --> 00:59:23,572
relatively low amounts of knowledge in terms of your setup. So you're always going to be able to

998
00:59:23,572 --> 00:59:30,272
do it easier. Well, I think we've already hit that point that AI is a greater net positive.

999
00:59:30,932 --> 00:59:38,292
And it's not because people have used it to recover coins with it. But how have we plugged

1000
00:59:38,292 --> 00:59:46,412
all the bugs? How have we found and done all the red teaming? Has more Bitcoin been stolen or have

1001
00:59:46,412 --> 00:59:51,412
more Bitcoin susceptible to a vulnerability that got patched been protected.

1002
00:59:52,112 --> 00:59:54,972
I would, I would easily say I would,

1003
00:59:55,052 --> 00:59:55,852
I would be very,

1004
00:59:55,952 --> 00:59:58,712
very safe in saying that the latter is,

1005
00:59:58,812 --> 01:00:02,412
is the winner already is that there were vulnerabilities that got patched and

1006
01:00:02,992 --> 01:00:06,392
coins that got protected that would have been at risk within a week or a couple

1007
01:00:06,392 --> 01:00:10,752
of weeks, or if they clicked on the wrong email or something.

1008
01:00:11,232 --> 01:00:14,072
And, and you think about just in general,

1009
01:00:14,072 --> 01:00:19,732
like that's just going to continue like we're definitely in the everything gets hacked phase

1010
01:00:19,732 --> 01:00:25,572
of all of this right we are in the great hackening um and that's going to keep getting worse so it

1011
01:00:25,572 --> 01:00:32,092
will it will be a mess and the fight might land on ai has stolen more than it has protected uh

1012
01:00:32,092 --> 01:00:37,372
from from time to time but i think after a year or two it will just kind of unequivocally be like

1013
01:00:37,372 --> 01:00:41,572
we wouldn't have been able to build and respond to any of these things and patch all of these

1014
01:00:41,572 --> 01:00:47,152
bugs without it we already can't you can't move fast enough without ai you have to use it to to

1015
01:00:47,152 --> 01:00:54,392
patch everything um it will be interesting to see how like whether ai actually has like ends up

1016
01:00:54,392 --> 01:01:00,092
having some kind of a meaningful part in how people do their like not just how people like

1017
01:01:00,092 --> 01:01:07,212
learn about this but like could ai plug into the self-custody like model somewhere like obviously

1018
01:01:07,212 --> 01:01:10,712
like the the obvious assumption is like oh the obvious kind of like way to look at it is like

1019
01:01:10,712 --> 01:01:12,632
oh, well, no, because it's got to be connected to the internet.

1020
01:01:13,072 --> 01:01:15,092
Obviously, unless you're doing it kind of like self-hosted,

1021
01:01:15,152 --> 01:01:18,392
but assuming you're connected to the internet, it's a bad idea.

1022
01:01:18,552 --> 01:01:22,832
But there might be ways that we can actually use this for stuff.

1023
01:01:23,872 --> 01:01:25,692
I haven't quite thought that through,

1024
01:01:25,772 --> 01:01:27,732
but there might be ways that if you have a multisig

1025
01:01:27,732 --> 01:01:30,032
and you're not giving it like C words or whatever,

1026
01:01:30,212 --> 01:01:32,792
but could it help you to, for example,

1027
01:01:33,152 --> 01:01:36,792
construct a way to how you bring all those pieces together

1028
01:01:36,792 --> 01:01:37,592
to sign a transaction?

1029
01:01:37,712 --> 01:01:39,432
Could you give it some selective knowledge

1030
01:01:39,432 --> 01:01:41,712
So that let's say you say to a family member,

1031
01:01:41,832 --> 01:01:43,472
hey, this AI has the knowledge

1032
01:01:43,472 --> 01:01:45,792
about how to bring together my multi-sig.

1033
01:01:46,152 --> 01:01:47,692
All it has is the knowledge of the setup.

1034
01:01:47,772 --> 01:01:49,472
It doesn't have any knowledge of the keys, et cetera.

1035
01:01:49,832 --> 01:01:53,232
And you give people a way to communicate with your AI

1036
01:01:53,232 --> 01:01:54,492
to kind of help them recover

1037
01:01:54,492 --> 01:01:56,492
in terms of like inheritance and stuff.

1038
01:01:56,592 --> 01:01:58,472
You know, I think all of that is yet to be seen,

1039
01:01:58,532 --> 01:02:00,032
but I could see some interesting stuff coming,

1040
01:02:00,192 --> 01:02:02,152
you know, like coming to the fore.

1041
01:02:03,512 --> 01:02:04,432
A hundred percent.

1042
01:02:04,612 --> 01:02:05,912
No, I totally think,

1043
01:02:05,912 --> 01:02:13,612
like I've been increasingly I've gone in this we haven't talked much in the last month

1044
01:02:13,612 --> 01:02:19,372
like hiatus sort of situation where I've kind of gone deep into the weeds and just like

1045
01:02:19,372 --> 01:02:27,952
vibe coded AI everything for like the last I literally like a month or two um I have begun

1046
01:02:27,952 --> 01:02:34,412
to see I feel like at least in my own situation how this is all going to be integrated I don't

1047
01:02:34,412 --> 01:02:39,452
have a computer now that I'm not talking to, that I'm not like, like literally verbally,

1048
01:02:39,452 --> 01:02:47,352
verbally talking to, to do stuff. Um, and it has become like my predominant way. And I have,

1049
01:02:47,352 --> 01:02:55,852
uh, all of my computers talking to each other in a chat app that I've held by this pair core.

1050
01:02:56,052 --> 01:03:01,152
So I, which is just a great way to test keys and conversations and thinking and all that stuff. So

1051
01:03:01,152 --> 01:03:05,172
So it was useful purely for the purposes of debugging things.

1052
01:03:05,432 --> 01:03:08,432
But it also made everything work much faster

1053
01:03:08,432 --> 01:03:13,352
because in the chat, I actually have agent controls

1054
01:03:13,352 --> 01:03:15,712
where I'm like, okay, this is a turn order

1055
01:03:15,712 --> 01:03:16,912
and this is everybody's purpose.

1056
01:03:17,372 --> 01:03:19,532
So Claude is the initial planner.

1057
01:03:20,192 --> 01:03:23,172
Kimmy on my mini is the one that red teams

1058
01:03:23,172 --> 01:03:27,752
and picks out what's wrong with it

1059
01:03:27,752 --> 01:03:30,512
and assumes that it's broken and then goes through.

1060
01:03:30,512 --> 01:03:31,572
and I have like a prompt, right?

1061
01:03:31,652 --> 01:03:33,852
Like this is your purpose in this room

1062
01:03:33,852 --> 01:03:35,212
and this is how you're going to respond

1063
01:03:35,212 --> 01:03:36,292
to everything that Claude does

1064
01:03:36,292 --> 01:03:37,352
and you're second in line.

1065
01:03:37,472 --> 01:03:38,812
So Claude is always going to respond first.

1066
01:03:38,912 --> 01:03:40,492
Kimmy Mini is going to respond second.

1067
01:03:40,492 --> 01:03:42,192
And then Kimmy on my Zorin,

1068
01:03:42,892 --> 01:03:45,452
on my Linux machine,

1069
01:03:46,912 --> 01:03:51,072
is Red Team partner for Kimmy on my Mini.

1070
01:03:51,472 --> 01:03:53,432
So after Kimmy writes up a report,

1071
01:03:54,012 --> 01:03:57,292
it will verify and then run the actual processes

1072
01:03:57,292 --> 01:03:59,332
between my Mac Mini and my Linux machine,

1073
01:03:59,332 --> 01:04:04,372
prove out how to break it or how to fix it.

1074
01:04:05,412 --> 01:04:08,552
And then run additional tests and see if they can find anything else

1075
01:04:08,552 --> 01:04:11,032
or if they can spoof a key or if they can, you know,

1076
01:04:11,092 --> 01:04:13,812
take an old signature and make it look like it's fresh,

1077
01:04:13,892 --> 01:04:14,652
you know, that sort of thing.

1078
01:04:16,412 --> 01:04:20,732
And then they drop their reports back to Claude

1079
01:04:20,732 --> 01:04:22,032
and Claude finally does the implementation.

1080
01:04:23,312 --> 01:04:26,392
And so, like, I'm able to do that just because I have,

1081
01:04:26,392 --> 01:04:33,012
like just very simple ordering operations inside the chat app.

1082
01:04:33,152 --> 01:04:35,272
But the thing is, is like my computers are doing well.

1083
01:04:35,312 --> 01:04:37,872
I can, I literally have like a thing that I'd just be like,

1084
01:04:37,912 --> 01:04:39,132
okay, I gave it a bunch of tokens.

1085
01:04:39,472 --> 01:04:41,212
And I can just be like, just run for two hours

1086
01:04:41,212 --> 01:04:42,532
and just try to find something wrong.

1087
01:04:43,352 --> 01:04:45,432
Just like keep trying to sync stuff,

1088
01:04:45,572 --> 01:04:47,172
find out why it's going slow.

1089
01:04:47,392 --> 01:04:49,372
Why did it, you know, why is it syncing slow?

1090
01:04:49,372 --> 01:04:51,572
Try to stream from the device.

1091
01:04:51,692 --> 01:04:52,932
And if it doesn't stream immediately,

1092
01:04:52,932 --> 01:05:00,612
mark what the delay is exactly from the Linux timecode to the Mac mini timecode and sort

1093
01:05:00,612 --> 01:05:24,237
out what happened Who had a queue for giving chunks over that nobody needed and like why were we waiting in line behind that And so all that stuff And because of that I genuinely I increasingly thinking because it already become this way in my life very very quickly is that we won do anything without without AI it will be like a car

1094
01:05:24,237 --> 01:05:33,077
it'll be like a vehicle in general is that they didn't obsolete legs but like if you're going

1095
01:05:33,077 --> 01:05:38,357
anywhere of any distance you need a bike you need a car you need to rent a car for a couple of

1096
01:05:38,357 --> 01:05:42,877
minutes from somebody if you don't have a car available you need a plane you have a private jet

1097
01:05:42,877 --> 01:05:47,457
you have a space shuttle doesn't matter you've got a vehicle and it is the only reason that all

1098
01:05:47,457 --> 01:05:53,357
the things that we are doing are actually possible if vehicles didn't exist 99.9 of jobs

1099
01:05:53,357 --> 01:06:01,897
not viable. Like the whole economy just doesn't work anymore because it's all based on the outsized

1100
01:06:01,897 --> 01:06:07,317
exponential advantage of having vehicles to travel and then spread out geographically.

1101
01:06:07,317 --> 01:06:14,797
The exact same thing I think will be true for AI. AI is the extension of the mind.

1102
01:06:15,697 --> 01:06:22,077
While I am doing shit, I can have a musing about an idea or a something and I can literally just

1103
01:06:22,077 --> 01:06:27,937
spin up an agent. That's what I do. I just start a random project. I brain dump the whole idea.

1104
01:06:28,457 --> 01:06:33,437
And I say, do a preliminary investigation, find alternatives, see if somebody's already built this

1105
01:06:33,437 --> 01:06:39,677
and how they did it. Bring back a report, source and verify everything. Don't make assumptions about

1106
01:06:39,677 --> 01:06:45,177
what actually happened. Go find the actual code or the actual project. You get a postmortem if

1107
01:06:45,177 --> 01:06:50,957
it's something that failed. And I will let it go for just 20 minutes while I am doing something

1108
01:06:50,957 --> 01:06:55,617
else. And then I will come back to it and read it and decide whether it's an idea worth engaging in.

1109
01:06:56,277 --> 01:07:04,957
And I can do that dozens of times throughout my day. And because of that, I am able to take on

1110
01:07:04,957 --> 01:07:12,497
hundreds, like the thousands of things that collectively each one of us will be able to

1111
01:07:12,497 --> 01:07:16,957
tackle. Because like your project that I know you don't want to talk about on the show, but your

1112
01:07:16,957 --> 01:07:21,797
project is a perfect example. You're like, I'm annoyed. This is not the way it should be. You

1113
01:07:21,797 --> 01:07:27,577
should be able to do this for free. And this is the decent value add, but everybody charges for

1114
01:07:27,577 --> 01:07:31,597
this stupid shit that should be done for free and is easy to do. And so you're literally building a

1115
01:07:31,597 --> 01:07:37,677
service around that. And you would never have been able to actually engage and be like, okay, well,

1116
01:07:37,997 --> 01:07:45,317
let's just try it. Let's just try it and do it. Um, like this is what that is. It is a accelerant

1117
01:07:45,317 --> 01:07:51,797
that lets you go 100 times faster and 100 times farther in every general little idea that you come

1118
01:07:51,797 --> 01:07:58,657
up with to make the selection of what to spend time and energy on that much better. And the idea

1119
01:07:58,657 --> 01:08:02,317
that some AI is just going to be super fucking smart, it's going to come up with all the ideas,

1120
01:08:02,357 --> 01:08:07,837
it's just stupid. All the ideas and value judgments, all information comes at the edge.

1121
01:08:08,517 --> 01:08:11,697
The AI model is not going to have information that you have because you literally have information

1122
01:08:11,697 --> 01:08:15,117
from a particular situation, a particular thing that you want to do and a thing that

1123
01:08:15,117 --> 01:08:19,777
In the context of your environment and your knowledge, knowledge always comes from the edge.

1124
01:08:19,777 --> 01:08:31,777
And so you're always going to be applying AI in a way that the broader generalities of the whole ecosystem or whatever, maybe somebody else at some other edge will come up with the same idea.

1125
01:08:32,637 --> 01:08:35,657
But then it becomes a race of who can get 100 times faster and 100 times farther quicker.

1126
01:08:36,097 --> 01:08:37,137
Like who can do it?

1127
01:08:37,357 --> 01:08:39,757
Because we're going to be tackling millions.

1128
01:08:39,757 --> 01:08:44,637
like people think oh we're going to lose jobs because there's a million problems that we're

1129
01:08:44,637 --> 01:08:50,497
trying to solve today and like 990 000 of them can now solve by ai no what you're missing is that

1130
01:08:50,497 --> 01:08:55,717
we're going to now be tackling a billion problems we're going to be tackling a thousand a million

1131
01:08:55,717 --> 01:09:00,277
times as many problems as we are currently tackling because all of this shit was it was

1132
01:09:00,277 --> 01:09:04,577
economically useless it's like oh yeah i'm not even gonna fucking build a pyramid that's

1133
01:09:04,577 --> 01:09:08,357
economically retarded like who's gonna actually spend the money to do that well when you can

1134
01:09:08,357 --> 01:09:14,837
actually take human thought and turn it into literally you you compress the cost um you

1135
01:09:14,837 --> 01:09:20,457
collide the cost of human thought to the cost of electricity to a compute token in a computer

1136
01:09:20,457 --> 01:09:27,757
and that you can literally explore a thousand ideas before the end of the day just the capacity

1137
01:09:27,757 --> 01:09:36,257
to read output and make a judgment and like it's everything is going to expand so far and so fast

1138
01:09:36,257 --> 01:09:42,697
in so many different directions and ai will be ubiquitous like it will be ubiquitous like vehicles

1139
01:09:42,697 --> 01:09:47,337
like you just you're gonna have a vehicle for most of the stuff that you do or places that you travel

1140
01:09:47,337 --> 01:09:50,817
or things that you're trying to accomplish and if you don't specifically have a vehicle like you just

1141
01:09:50,817 --> 01:09:54,017
walk to the grocery store because you're like walking to the grocery store the grocery store

1142
01:09:54,017 --> 01:09:58,817
will only be stock shelves because of the fucking vehicles like like it will all be tied into each

1143
01:09:58,817 --> 01:10:02,777
other in the exact same way that everything touches the internet but it just is going to

1144
01:10:02,777 --> 01:10:10,277
make everything speed up so much and we're going to accomplish and try to fix so many more problems

1145
01:10:10,277 --> 01:10:16,397
that there will be no shortage of work. To the contrary, there will be a thousand times more

1146
01:10:16,397 --> 01:10:21,557
things that we should or might want to tackle. And it will simply be that you have to find somebody

1147
01:10:21,557 --> 01:10:27,257
who cares enough to put the electricity and the time and the life energy to solving that one

1148
01:10:27,257 --> 01:10:30,817
problem because there's way more problems. We're going to have way more problems and way more

1149
01:10:30,817 --> 01:10:35,837
things that we could do, then we even have people on earth. Like it's just going to be crazy.

1150
01:10:37,037 --> 01:10:41,157
I mean, this kind of ties into the read that you did recently about the singularity idea.

1151
01:10:41,777 --> 01:10:43,257
What was that read called? Remind me.

1152
01:10:44,357 --> 01:10:45,077
Singularity stack.

1153
01:10:45,837 --> 01:10:51,217
Yeah. Like the idea of kind of everything coming down to just the unit of energy. Because we

1154
01:10:51,217 --> 01:10:52,957
already talked about this a lot. I love that analogy.

1155
01:10:52,957 --> 01:10:56,997
It's like the amount of, you know, that Bitcoin kind of brings in everything. Ultimately,

1156
01:10:56,997 --> 01:11:02,197
it's kind of like an energy-based it's an energy-based kind of currency like it's mined

1157
01:11:02,197 --> 01:11:06,557
from energy it's moved around by like you know miners who want to put transactions in blocks

1158
01:11:06,557 --> 01:11:11,457
who are using energy and like the amazing thing is like ai is kind of it's essentially using the

1159
01:11:11,457 --> 01:11:17,917
same like raw material shall we call it that using energy it's like how much like computing power are

1160
01:11:17,917 --> 01:11:22,257
you going to put into this thing and it just becomes everything ultimately kind of becomes

1161
01:11:22,257 --> 01:11:28,837
this competitive landscape between what's the best use of energy. And it's amazing, like you

1162
01:11:28,837 --> 01:11:32,517
kind of got the currency like happening on one side, it's like, okay, well, let's use the energy

1163
01:11:32,517 --> 01:11:36,097
to make the money. And then also, let's use the energy to do the information work in society.

1164
01:11:36,617 --> 01:11:40,437
And it's going to be crazy to see what comes out the other side of that, because there's going to

1165
01:11:40,437 --> 01:11:44,917
be, I mean, I can imagine a million things in my mind about like, how AI could be used, but

1166
01:11:44,917 --> 01:11:49,517
ultimately, like, you know, some stuff is going to be more valuable than other stuff. And we'll see

1167
01:11:49,517 --> 01:11:54,937
how that all like pans out. But it does seem that the interesting thing is it's almost like a self

1168
01:11:54,937 --> 01:11:59,357
perpetual loop, because as we're moving towards this world where everything is just being kind of

1169
01:11:59,357 --> 01:12:03,197
built from energy, if everyone's like, okay, well, AI is really awesome. And I would love to,

1170
01:12:03,277 --> 01:12:08,257
for example, have, let's say a website that you go on and you can basically just speak to it and say,

1171
01:12:08,317 --> 01:12:12,017
this is the product I want. And you can speak to it and then say, hit go. And then it can basically

1172
01:12:12,017 --> 01:12:15,797
send it to you because you've got some factory somewhere that's assembling, you know, that's

1173
01:12:15,797 --> 01:12:20,037
3D printing the parts to create the thing that you just spoke into existence and then sending it to

1174
01:12:20,037 --> 01:12:24,997
you. That might be an awesome idea, but it might be like, well, it's energy, like people aren't

1175
01:12:24,997 --> 01:12:30,277
willing to pay the price to build something like that because of the energy cost. Well, then the

1176
01:12:30,277 --> 01:12:35,697
problem becomes, how do you get energy at a lower cost? And I think that the thing that AI is

1177
01:12:35,697 --> 01:12:41,497
ultimately like the highest use of it is going to be, how do we get cheaper energy so that we can do

1178
01:12:41,497 --> 01:12:45,697
more cool stuff with it? And once you set AI on that problem, once that becomes the biggest problem

1179
01:12:45,697 --> 01:12:50,597
in society, which I think it almost is anyway. Like, like historically, it's compressing the

1180
01:12:50,597 --> 01:12:56,577
distance between, between the energy, the, the, the raw input and the raw output. Like we're just

1181
01:12:56,577 --> 01:13:01,077
knocking rungs out of this thing and like, just they're getting closer and closer and closer.

1182
01:13:01,137 --> 01:13:05,617
And that's what all this technology is literally doing is, is it's bringing the output as close

1183
01:13:05,617 --> 01:13:10,657
to the input as possible. Precisely, man. Yeah. It's going to get crazy because even some of the

1184
01:13:10,657 --> 01:13:14,397
things that I'm thinking about, sometimes I have these thoughts about, okay, well, what if let's

1185
01:13:14,397 --> 01:13:18,677
say, for example, AI was so cool. I knew what everyone was doing to a degree. I mean, obviously,

1186
01:13:18,857 --> 01:13:22,737
yeah, data protection is a thing and everything, but it's already the case now, right? If someone

1187
01:13:22,737 --> 01:13:26,557
goes on Google Maps and they're like, I want to go from here to here, Google knows who you are.

1188
01:13:26,637 --> 01:13:30,797
They know where you want to go to. And I was like, well, maybe if people start pulling their data

1189
01:13:30,797 --> 01:13:35,117
together, someone else, for example, who's doing that route, rather than using some kind of

1190
01:13:35,117 --> 01:13:38,537
dedicated ride-sharing app or whatever, it can just be like, oh, hey, do you want to go with this

1191
01:13:38,537 --> 01:13:42,537
person? We know this other person is traveling that distance as well. And the app could almost

1192
01:13:42,537 --> 01:13:46,977
just materialize and you can just be talking to a bot and you're like, oh, how do I get from here

1193
01:13:46,977 --> 01:13:50,577
to here? And it's like, oh, by the way, we know that someone's doing that trip right now. They're

1194
01:13:50,577 --> 01:13:55,937
on Rube. We know from Google Maps, like, should we see if they can pick you up? But then I'm like,

1195
01:13:56,357 --> 01:14:02,197
but even that will probably be obsoleted really fast because like AI will just leapfrog it all

1196
01:14:02,197 --> 01:14:08,057
together and you'll go straight from what you want to do. And it will create the perfect way to do it.

1197
01:14:08,257 --> 01:14:11,677
That might not be the most effective way to do it. Like you don't know what's going to be the

1198
01:14:11,677 --> 01:14:15,737
most effective way because it's all going to be dependent on what's the energy cost to do it.

1199
01:14:16,237 --> 01:14:20,477
You know what I mean? Like it's like everything's like transportation is going to go like this. Like

1200
01:14:20,477 --> 01:14:26,317
it might be that trains, you don't have a set train time, you know, train timetable, for example,

1201
01:14:26,817 --> 01:14:30,557
you just get, you'd say where you want to go and the train goes the route depending on where the

1202
01:14:30,557 --> 01:14:35,357
people want to go. And it's just figuring it all out. You know, like it's really, everything is

1203
01:14:35,357 --> 01:14:40,757
going to be so transformed by this that it's almost like, even as ideas come into my mind about how

1204
01:14:40,757 --> 01:14:45,517
it's going to be used. I'm like, well, no, that's, that's kind of pre AI thinking. I'm,

1205
01:14:45,557 --> 01:14:49,997
I'm using pre AI thought to think about this problem, but AI is going to come up with an even

1206
01:14:49,997 --> 01:14:55,817
more like logical or like an even more kind of, yeah, like useful solution.

1207
01:14:55,817 --> 01:15:02,077
When you can put thought into the actual process of production, things change very quickly,

1208
01:15:02,577 --> 01:15:10,137
you know, and, and when that thought can go further and far further, far faster than

1209
01:15:10,137 --> 01:15:21,797
And I love the, just that simple analogy and the, the singularity stack of, you know, in, uh, was 1830, it costs three hours of labor to get an hour of light.

1210
01:15:22,377 --> 01:15:24,457
1830, three hours of labor.

1211
01:15:24,797 --> 01:15:26,617
Light was an insane luxury.

1212
01:15:27,097 --> 01:15:28,257
That's crazy to think about.

1213
01:15:28,257 --> 01:15:32,877
Like reading by the light of a candle would have been like rich people stuff.

1214
01:15:33,997 --> 01:15:36,237
Like, it's just like, it's dark and we have light.

1215
01:15:36,617 --> 01:15:37,477
Like we are gods.

1216
01:15:37,477 --> 01:15:48,957
and then in 1900 it had fallen at 13 minutes and today it's 0.07 seconds seconds it's a 15 million

1217
01:15:48,957 --> 01:15:55,877
percent increase in the value of our labor per a unit of light so much so that we have like a

1218
01:15:55,877 --> 01:16:01,497
i have like a trillion tiny little light bulbs in this screen right now and we're just like chatting

1219
01:16:01,497 --> 01:16:08,797
um like i've got i've got a i got a light for the room to get my my backdrop right we got lights all

1220
01:16:08,797 --> 01:16:16,117
over the house or whatever i'm i'm paying for this like 30 fold just sitting here um and uh

1221
01:16:16,117 --> 01:16:22,737
the singularity stack the idea is that like for all of human history a unit of human thought

1222
01:16:22,737 --> 01:16:29,337
cost a human of human life like one unit of lifetime produced one unit of thought

1223
01:16:29,337 --> 01:16:34,397
and now we can compress those patterns and execute.

1224
01:16:34,397 --> 01:16:38,977
We can compute the patterns with information externally

1225
01:16:38,977 --> 01:16:41,517
and we can do them faster

1226
01:16:41,517 --> 01:16:45,657
so that now one unit of human thought can maybe produce,

1227
01:16:45,917 --> 01:16:48,677
depending on what and how it's using

1228
01:16:48,677 --> 01:16:50,417
all of the various machines around it,

1229
01:16:50,737 --> 01:16:53,197
we can do hundreds, thousands, tens of thousands

1230
01:16:53,197 --> 01:16:54,897
of units of human thought,

1231
01:16:54,897 --> 01:17:03,357
of of patterned human thought can be computed onto problems uh per one unit of human time

1232
01:17:03,357 --> 01:17:11,237
and that's i think the the way to think about this um is that and you know if you want to like

1233
01:17:11,237 --> 01:17:18,417
really get out there like with the whole we're a collective organism if humanity if like the the

1234
01:17:18,417 --> 01:17:25,017
social sphere is a sort of collective organism thing, right? And we are all people and we're

1235
01:17:25,017 --> 01:17:32,657
building, you know, blood vessels with through our roads and we're building immune systems with the,

1236
01:17:32,657 --> 01:17:38,357
the police and government and they all have individual failures and we have chronic diseases

1237
01:17:38,357 --> 01:17:44,697
and we have contradictory ideas that, that cause problems in it. And we were trying to build a

1238
01:17:44,697 --> 01:17:48,697
neural network and it just happens, it runs on the same thing that our neural

1239
01:17:48,697 --> 01:17:50,297
network runs on, electricity.

1240
01:17:50,777 --> 01:17:55,237
And we were trying to build it externally to collect, to basically work between

1241
01:17:55,437 --> 01:18:00,577
everyone and take all of our individual thoughts and knowledge and compress it

1242
01:18:00,577 --> 01:18:01,157
together.

1243
01:18:02,137 --> 01:18:13,763
What might it look like other than a giant web of thousands and thousands of hyper dense collective neural networks that are all being like directed at each individual problem at the edge

1244
01:18:14,882 --> 01:18:19,123
yeah that we we start to collect at the center and then we pull it back out to fix a problem an

1245
01:18:19,123 --> 01:18:24,243
edge problem fix an edge problem fix an edge problem and in that same analogy is that like

1246
01:18:25,123 --> 01:18:29,043
people like oh they i was going to kill us it's like okay well did the human brain kill all the

1247
01:18:29,043 --> 01:18:35,202
the human cells no the organism doesn't kill the cells the cells are what make the organism

1248
01:18:35,202 --> 01:18:41,163
like that's a really really good way of looking we're part of the whole yeah and the ai isn't

1249
01:18:41,163 --> 01:18:46,562
there without the cells grabbing that edge information and and just because oh we can have

1250
01:18:46,562 --> 01:18:52,763
we can have robots do that too it's like well yeah but but it's literally it's human thought

1251
01:18:52,763 --> 01:18:58,863
in compressed into a concept but the the notion the the thing that you talked about with um

1252
01:18:58,863 --> 01:19:02,642
an AI in the wallet.

1253
01:19:03,602 --> 01:19:05,983
I actually think the last few weeks

1254
01:19:05,983 --> 01:19:09,942
have convinced me that my prediction or idea

1255
01:19:09,942 --> 01:19:12,523
that we're going to have highly, highly specialized models

1256
01:19:12,523 --> 01:19:14,322
that are very, very small and easy to run.

1257
01:19:15,843 --> 01:19:18,043
I'm much more convinced about it now

1258
01:19:18,043 --> 01:19:20,583
that we might have a wallet AI

1259
01:19:20,583 --> 01:19:24,003
that is just kind of a very basic general,

1260
01:19:24,003 --> 01:19:27,623
but it's extremely good for security policy,

1261
01:19:27,623 --> 01:19:35,863
safety practices, transaction construction, all of this stuff. And it's specifically because of

1262
01:19:35,863 --> 01:19:40,722
JEV, because of Skyfall, and then because of DESA. These are three models that have come out

1263
01:19:40,722 --> 01:19:48,543
very recently. JEV is the one that's the decision-making model that can basically do

1264
01:19:48,543 --> 01:19:57,602
frontier-level decision-making in a certain scope of category of tasks.

1265
01:19:57,623 --> 01:19:58,942
and like type of reasoning.

1266
01:19:59,462 --> 01:20:01,863
And it does it at a hundredth of the size

1267
01:20:01,863 --> 01:20:03,023
and like a hundred times faster.

1268
01:20:03,682 --> 01:20:05,702
But it only works in that space.

1269
01:20:05,702 --> 01:20:09,043
And if you use it ahead of using frontier models,

1270
01:20:09,163 --> 01:20:11,243
you can save like 99% of your tokens or something

1271
01:20:11,243 --> 01:20:14,602
because it will literally do so many things

1272
01:20:14,602 --> 01:20:19,682
in extremely high quality output or decision-making

1273
01:20:19,682 --> 01:20:23,722
that it saves a ton of like pointless thinking

1274
01:20:23,722 --> 01:20:28,083
and regurgitating and cycling through a frontier model,

1275
01:20:28,263 --> 01:20:30,623
thinking stupid thoughts back in itself, you know?

1276
01:20:31,222 --> 01:20:33,243
It basically leaps over that.

1277
01:20:33,722 --> 01:20:36,322
Then Skyfall is one that was geared

1278
01:20:36,322 --> 01:20:38,102
toward long-term thinking and CAD.

1279
01:20:38,863 --> 01:20:41,722
So basically, when I do this first thing

1280
01:20:41,722 --> 01:20:42,422
or this second thing,

1281
01:20:42,483 --> 01:20:44,623
how does it relate to the sixth, seventh, and eighth thing

1282
01:20:44,623 --> 01:20:46,162
that we're likely going to create?

1283
01:20:46,503 --> 01:20:48,102
Because right now, LLMs

1284
01:20:48,102 --> 01:20:49,962
and all the big general frontier models

1285
01:20:49,962 --> 01:20:51,783
are very short-term thinking.

1286
01:20:51,922 --> 01:20:52,942
They're very reactionary.

1287
01:20:52,942 --> 01:21:10,583
When the problem comes up, they attack that problem, but they don't, they very rarely and still very poorly think in the whole grand scheme of what the goal is, what our general mission is, how is this going to affect all of these other different areas?

1288
01:21:10,583 --> 01:21:18,102
like the big picture long-term view of how how can we take pain now that might pay off properly

1289
01:21:18,102 --> 01:21:24,182
later is still not in the scope it's still just like hyper high time preference reactionary stuff

1290
01:21:24,182 --> 01:21:30,263
skyfall is one that you can literally just engineer stuff and it can and it can literally

1291
01:21:30,263 --> 01:21:34,882
build like an engine from the idea of like make me an engine and it will make it will take

1292
01:21:34,882 --> 01:21:40,743
considerations of every single piece and how it relates to the whole properly and builds you out

1293
01:21:40,743 --> 01:21:47,343
the whole thing then there's dessa um and these are all like like weeks old at most dessa i think

1294
01:21:47,343 --> 01:21:57,302
like three days old uh skyfall i think is like a week maybe um uh and dessa is uh uh jack dorsey's

1295
01:21:57,302 --> 01:22:04,003
uh company uh i guess i guess block is the one that actually did this um but there's like a

1296
01:22:04,003 --> 01:22:10,263
vision of it for AI and it's actually come it come from an old AI company that they like kind

1297
01:22:10,263 --> 01:22:15,642
of pulled into their thing and they built Dessa which is a large language model that doesn't know

1298
01:22:15,642 --> 01:22:23,003
text it has no text there's no code there's no anything it is trained entirely on human speech

1299
01:22:23,003 --> 01:22:32,283
audio and it knows how to speak English wow okay so is this Jack Dorsey has has pioneered this um

1300
01:22:32,283 --> 01:22:34,882
yeah, yeah, he's running the team or whatever,

1301
01:22:35,283 --> 01:22:37,123
owns the company with the team

1302
01:22:37,123 --> 01:22:39,202
that they've been using this different approach.

1303
01:22:39,702 --> 01:22:44,083
And crazier is that this thing can be run on a tiny device.

1304
01:22:44,882 --> 01:22:47,523
This is a very small and hyper-efficient model

1305
01:22:47,523 --> 01:22:50,363
and it talks more naturally

1306
01:22:50,363 --> 01:22:52,802
than any frontier model out there.

1307
01:22:53,702 --> 01:22:55,343
And what's crazy is it's,

1308
01:22:55,743 --> 01:22:56,983
I couldn't remember the name of it

1309
01:22:56,983 --> 01:22:58,882
when I was working on the video earlier,

1310
01:22:59,322 --> 01:23:00,722
but it's full duplex,

1311
01:23:00,722 --> 01:23:08,222
which means that it it takes input while it's giving output so it will literally interrupt

1312
01:23:08,222 --> 01:23:14,662
it will empathize it will laugh in the middle of a sentence that you say like it it knows it

1313
01:23:14,662 --> 01:23:20,102
it's the only model out there that understands sarcasm sarcasm is the one thing that has

1314
01:23:20,102 --> 01:23:26,123
confused every model and conflict and like every all frontier models have fallen to the great power

1315
01:23:26,123 --> 01:23:28,003
of sarcasm, Dessa finally

1316
01:23:28,003 --> 01:23:30,003
understands sarcasm because it only

1317
01:23:30,003 --> 01:23:31,662
understands it in the context of audio.

1318
01:23:33,682 --> 01:23:36,182
But this is a tiny model

1319
01:23:36,182 --> 01:23:38,062
that has outpaced, that can

1320
01:23:38,062 --> 01:23:40,043
obliterate all frontier

1321
01:23:40,043 --> 01:23:41,702
models because they're trained on text

1322
01:23:41,702 --> 01:23:44,182
and it is done entirely in voice.

1323
01:23:44,543 --> 01:23:46,043
And this is exactly the sort of thing

1324
01:23:46,043 --> 01:23:47,623
that the

1325
01:23:47,623 --> 01:23:49,802
dichotomy between specialized

1326
01:23:49,802 --> 01:23:52,083
intelligence and general intelligence,

1327
01:23:52,422 --> 01:23:53,783
the economics will never not be true.

1328
01:23:54,442 --> 01:23:55,843
The economics will never not be true.

1329
01:23:56,123 --> 01:24:02,543
that general intelligence costs more energy than specialized intelligence at the exact same task,

1330
01:24:02,942 --> 01:24:04,543
which means we're going to have billions of models,

1331
01:24:04,802 --> 01:24:11,283
which means we need people at the edge using and helping general and using general intelligence

1332
01:24:11,283 --> 01:24:15,302
to help use specialized intelligence and building data sets

1333
01:24:15,302 --> 01:24:19,942
and very specific individual knowledge and value judgments to build specialized,

1334
01:24:20,363 --> 01:24:24,343
to further specialized intelligence so that we can actually increase,

1335
01:24:24,343 --> 01:24:28,442
Like the economics will never not be that specialization pays off.

1336
01:24:28,642 --> 01:24:40,402
And as we get closer to the cost of energy for all of these things, it's going to be more true, not less true, more true because you can't cover it up in red tape between one and the other that kind of like evens out the flow.

1337
01:24:40,523 --> 01:24:45,802
No, general intelligence is going to cost 10 more than 10 times or 100 times more than specialized intelligence.

1338
01:24:45,802 --> 01:24:48,523
And we're going to have a benchmark of exactly how much the multiple is.

1339
01:24:48,523 --> 01:24:52,542
and because of that I think we will have

1340
01:24:52,542 --> 01:24:54,542
security

1341
01:24:54,542 --> 01:24:55,942
conscious models

1342
01:24:55,942 --> 01:24:58,263
that sit on computers

1343
01:24:58,263 --> 01:25:00,483
and sit inside of things that we're doing

1344
01:25:00,483 --> 01:25:02,562
and their entire job is to

1345
01:25:02,562 --> 01:25:03,763
watch for red flags

1346
01:25:03,763 --> 01:25:06,462
to respond to things that are

1347
01:25:06,462 --> 01:25:08,462
happening to help set up

1348
01:25:08,462 --> 01:25:10,562
or make sure that behaviors in the

1349
01:25:10,562 --> 01:25:12,583
wallet are aligning in exactly the

1350
01:25:12,583 --> 01:25:14,523
same way that the checksum made sure that you didn't

1351
01:25:14,523 --> 01:25:15,402
punch in the wrong seed

1352
01:25:15,402 --> 01:25:25,003
yeah i mean i i still wonder though when you like i mean again it's it's difficult to imagine these

1353
01:25:25,003 --> 01:25:31,462
things in advance because this is all just like emerging so much but i still wonder when we're

1354
01:25:31,462 --> 01:25:38,763
talking about ai having a role in self-custody because you know one of the most important things

1355
01:25:38,763 --> 01:25:44,202
is for example you know like um like air gapping and all this kind of things and offline backups

1356
01:25:44,202 --> 01:25:51,743
all the rest of it like my i guess the thing that i wonder is like how the ai is going to play a part

1357
01:25:51,743 --> 01:25:56,422
in that without being a security risk itself because if you've got a lot just if you've got

1358
01:25:56,422 --> 01:26:00,602
to like have access to your ai model that has some role in your self custody if you've got to

1359
01:26:01,162 --> 01:26:05,322
air gap your access to the model somehow you're kind of back at square one that you might as well

1360
01:26:05,322 --> 01:26:11,583
you know air gap the access to the keys themselves kind of thing so it's and i'm sure it will come

1361
01:26:11,583 --> 01:26:17,662
into i'm not saying it won't it's just i can't see it yet yeah i would be inclined like if i had to

1362
01:26:17,662 --> 01:26:24,662
just i mean i'm just sitting here making predictions like i i know the future but um the if i had to

1363
01:26:24,662 --> 01:26:32,142
predict i would think that air gapping and keeping your keys off the device that policy will not

1364
01:26:32,142 --> 01:26:39,202
change like that that notion will not change um but that your device that you will have local run

1365
01:26:39,202 --> 01:26:48,722
AI that is geared around protecting the device and that it will be a very thin and specialized,

1366
01:26:49,202 --> 01:26:50,382
like you have a secure element.

1367
01:26:50,922 --> 01:26:55,682
Like think of the amount of resources that have been put into the secure element, like

1368
01:26:55,682 --> 01:27:02,062
to make that hardened, to make sure that every good phone has one that, you know, like every

1369
01:27:02,062 --> 01:27:08,222
time there's a bug or like, like how do we harden this thing as secure as possible so

1370
01:27:08,222 --> 01:27:14,063
that people can store passwords so that we can have pass keys so that we can like encrypt things

1371
01:27:14,063 --> 01:27:18,942
in every single thing i have tls and ssh all these things that's an enormous amount of resources that

1372
01:27:18,942 --> 01:27:23,942
is enormous stack of work from millions of different people who have contributed and put

1373
01:27:23,942 --> 01:27:28,802
to the point where secure elements are secure elements i don't see why there wouldn't be a

1374
01:27:28,802 --> 01:27:35,863
secure ai chip like a secure model sitting right next to it in the phone that's basically

1375
01:27:35,863 --> 01:27:43,222
it's just it's just always they're putting up defenses and that it's very small and very lean

1376
01:27:43,222 --> 01:27:50,863
i mean like transcription transcription models and jack no i've done nothing now um like putting in

1377
01:27:50,863 --> 01:27:55,082
the i couldn't even see the resource use change i do a bunch of benchmarks with the little things

1378
01:27:55,082 --> 01:27:59,102
that i'm building because every time i'm like oh maybe there's an ai model i like add it and then

1379
01:27:59,102 --> 01:28:05,063
be like holy crap this thing seemed like five times as much cpu let's not do that one um so

1380
01:28:05,063 --> 01:28:08,802
I'll benchmark a lot of these things on the transcription and like forced alignment stuff.

1381
01:28:09,523 --> 01:28:15,082
It happens so freaking if I pause recording and it's just like, it's just like, there's

1382
01:28:15,082 --> 01:28:20,862
all the text and it's all forced aligned to the audio that I'm messing around with.

1383
01:28:20,983 --> 01:28:22,922
And it's like, Hey, I don't even notice it.

1384
01:28:22,942 --> 01:28:25,343
It just, it's just in the normal operation of stuff.

1385
01:28:26,082 --> 01:28:30,062
I think that's the sort of thing I would like to believe.

1386
01:28:30,062 --> 01:28:35,783
And if it's not done, that's probably how paranoid I am is I'll try to go that way.

1387
01:28:35,823 --> 01:28:37,263
It's like, okay, well, how do I train a freaking model?

1388
01:28:38,763 --> 01:28:41,382
But because of that, because I have that inclination,

1389
01:28:41,942 --> 01:28:47,843
if it's economically efficient at all to do that, to go that route, I think it happens.

1390
01:28:49,783 --> 01:28:50,182
Yeah.

1391
01:28:50,323 --> 01:28:53,003
But there might be just a much better way to do it.

1392
01:28:53,602 --> 01:28:59,983
Like much simpler, more naive, but robust way to do it.

1393
01:29:00,062 --> 01:29:07,562
you know um as they say going making something uh bigger and more complex is and any intelligent

1394
01:29:07,562 --> 01:29:17,122
fool can do it but to make something simpler and smaller and work better uh takes a touch of true

1395
01:29:17,122 --> 01:29:23,523
true genius and and real effort it's a good point though because just thinking about it like again

1396
01:29:23,523 --> 01:29:26,783
and I'm also just streaming here,

1397
01:29:26,922 --> 01:29:30,343
but let's say you did have a small AI model

1398
01:29:30,343 --> 01:29:31,843
on some kind of a hardware wallet.

1399
01:29:32,102 --> 01:29:35,102
You have a hardware wallet that has an AI model on it.

1400
01:29:35,783 --> 01:29:39,382
Let's say that you've used that to generate keys

1401
01:29:39,382 --> 01:29:42,003
or the rest of it, but you can also, for example,

1402
01:29:42,823 --> 01:29:46,283
maybe you could use it to help you with recovery.

1403
01:29:46,462 --> 01:29:47,743
So this stuff that I'm talking about,

1404
01:29:47,743 --> 01:29:49,102
let's say you've got a multi-sig,

1405
01:29:49,503 --> 01:29:51,323
maybe you could kind of put in there

1406
01:29:51,323 --> 01:29:54,222
certain information about

1407
01:29:54,222 --> 01:29:56,763
recovering the other keys

1408
01:29:56,763 --> 01:29:57,843
from a multisig, for example.

1409
01:29:58,023 --> 01:29:59,983
Although I guess then if you did get,

1410
01:30:00,263 --> 01:30:02,823
if an attacker did get access to that device,

1411
01:30:02,902 --> 01:30:04,702
then they would be able to potentially

1412
01:30:04,702 --> 01:30:05,882
follow a trail to the other.

1413
01:30:05,983 --> 01:30:06,843
So maybe that's not,

1414
01:30:07,622 --> 01:30:09,422
that probably is not a good use of it.

1415
01:30:09,702 --> 01:30:10,442
But yeah.

1416
01:30:10,542 --> 01:30:11,983
Oh, that's just implementation details.

1417
01:30:12,082 --> 01:30:12,962
We'll work it out in post.

1418
01:30:13,102 --> 01:30:13,823
We'll figure it out.

1419
01:30:14,003 --> 01:30:15,983
We'll, yeah, we'll figure it all out.

1420
01:30:18,442 --> 01:30:19,642
I'll just do that with CG.

1421
01:30:19,902 --> 01:30:20,823
Don't worry about it.

1422
01:30:21,323 --> 01:30:26,823
But before we get there, since we're still somewhat analog on this,

1423
01:30:27,263 --> 01:30:28,843
can I talk about keybackup.org?

1424
01:30:29,902 --> 01:30:30,483
Yeah, I do.

1425
01:30:30,942 --> 01:30:32,362
Have you seen it yet, Guy?

1426
01:30:33,142 --> 01:30:33,783
No, I didn't.

1427
01:30:33,802 --> 01:30:34,983
I can't remember if I sent you this one.

1428
01:30:35,122 --> 01:30:35,222
Okay.

1429
01:30:36,542 --> 01:30:37,542
Keybackup.org.

1430
01:30:38,983 --> 01:30:43,702
Interestingly, I was working on this before this whole thing

1431
01:30:43,702 --> 01:30:47,082
kind of went down with me losing access to my Bitcoin and everything

1432
01:30:47,082 --> 01:30:52,082
because I feel like hardware wallets

1433
01:30:52,182 --> 01:30:55,422
are not giving very good ways of storing your keys.

1434
01:30:55,422 --> 01:30:56,582
They give you like a little card

1435
01:30:56,582 --> 01:30:57,962
and it's like, write your Z-words down.

1436
01:30:57,962 --> 01:30:59,962
It says ledger on it or whatever it is.

1437
01:30:59,962 --> 01:31:01,202
Yeah.

1438
01:31:01,202 --> 01:31:02,302
And they're all different sizes

1439
01:31:02,302 --> 01:31:18,728
and I have a different one for every brand and stuff And it like a little bit like Exactly and they don have like important information So what i like again i was building this before the call card hack um actually happened but i was also kind of thinking to myself like like we should know from your paper backups

1440
01:31:18,728 --> 01:31:24,708
like what firmware was the device using like what's the um what's the model like if something

1441
01:31:24,708 --> 01:31:29,388
happens within you know entropy bug or whatever can you check from a paper backup like am i

1442
01:31:29,388 --> 01:31:33,828
vulnerable etc because a lot of people were saying oh you know i'm i'm i'm in this other place i don't

1443
01:31:33,828 --> 01:31:38,008
have access to my hardware wallet i've only got a backup or whatever great it'd be good to be able

1444
01:31:38,008 --> 01:31:43,788
to know that so i created this kind of document it's a four-page document and it's basically for

1445
01:31:43,788 --> 01:31:50,528
kind of like really strong um backup so it has things like for example the the date that you set

1446
01:31:50,528 --> 01:31:55,468
it up oh this is great how you did the entropy so for example did you use the device entropy

1447
01:31:56,028 --> 01:31:56,968
Did you roll dice?

1448
01:31:57,028 --> 01:31:58,448
A lot of people during the cold card thing,

1449
01:31:58,488 --> 01:32:00,968
they were like, hey, I can't remember how I did it.

1450
01:32:01,008 --> 01:32:02,148
Did I roll dice or not?

1451
01:32:02,188 --> 01:32:03,508
Did I import the seed or not?

1452
01:32:03,588 --> 01:32:06,028
So you can literally check a box.

1453
01:32:06,208 --> 01:32:06,888
Was it a device?

1454
01:32:07,028 --> 01:32:07,628
Was it dice?

1455
01:32:07,748 --> 01:32:08,448
Was it imported?

1456
01:32:09,968 --> 01:32:11,848
The master fingerprint, I don't know why.

1457
01:32:12,208 --> 01:32:13,268
Like with hardware wallets,

1458
01:32:13,268 --> 01:32:15,208
they're not having the master fingerprint at a minimum

1459
01:32:15,208 --> 01:32:16,308
as something you record,

1460
01:32:16,768 --> 01:32:19,008
because that's going to help you to identify that

1461
01:32:19,008 --> 01:32:21,608
with your hot wallets.

1462
01:32:21,808 --> 01:32:23,408
So if you import your Xpub or whatever

1463
01:32:23,408 --> 01:32:24,188
and you're using something,

1464
01:32:24,188 --> 01:32:29,648
you need to know like okay well which device does this thing like relate to and if you record your

1465
01:32:29,648 --> 01:32:35,308
master fingerprint you know okay that's for this particular wallet because otherwise stuff kind of

1466
01:32:35,308 --> 01:32:41,388
comes apart you know you've labeled your your wasabi wallet you've labeled it you know whatever

1467
01:32:41,388 --> 01:32:47,628
it is like guy's wallet and then your device you know that it's a a ledger or a cold card or a bit

1468
01:32:47,628 --> 01:32:52,468
bar you know whatever it is and it's like the two can become kind of like separated so like master

1469
01:32:52,468 --> 01:32:56,708
fingerprint is an easy way of just kind of connecting everything uh there's also a section

1470
01:32:56,708 --> 01:33:02,868
for for example like multi-sig wallet so you can put in the other kind of like the name of the wallet

1471
01:33:02,868 --> 01:33:09,868
the other the descriptor um like the descriptor checksum and the derivation path and you can say

1472
01:33:09,868 --> 01:33:13,408
like is it a two of three is a you know three or five whatever it is so you can kind of like

1473
01:33:13,408 --> 01:33:20,648
you can record whether um like that is part of like a multi-sig um and you know that that's

1474
01:33:20,648 --> 01:33:24,368
that's another way of doing it. So if I've got a paper backup, yeah, I might, like, maybe I'm using

1475
01:33:24,368 --> 01:33:27,488
it for a single SIG, but maybe it's part of a multi-SIG and I want to record that information

1476
01:33:27,488 --> 01:33:31,768
as well. Um, so it's kind of got all this information. The other thing it's got on there

1477
01:33:31,768 --> 01:33:35,728
is like for the seed words, this would have saved, uh, actually I'll get, I'll get to that. So the

1478
01:33:35,728 --> 01:33:41,788
seed words, you just enter the seed words, really easy boxes. Um, just put it for putting those in.

1479
01:33:42,388 --> 01:33:46,628
Um, you can also record the seed word number. So actually, sorry. Yeah, this is something that

1480
01:33:46,628 --> 01:33:51,328
would have saved me is putting the number so like rather than just recording the word itself you can

1481
01:33:51,328 --> 01:33:56,168
record the number of that mnemonic seed word so in my case this would have saved me because i would

1482
01:33:56,168 --> 01:33:59,488
have seen that there was a mismatch between the word and the number so it kind of gives you a second

1483
01:33:59,488 --> 01:34:09,408
option if you've recorded the word incorrectly um i love the handwriting key yes so sorry i'll

1484
01:34:09,408 --> 01:34:14,908
get to that one skipping sorry i was i was going through it while you were talking so yeah so page

1485
01:34:14,908 --> 01:34:18,988
three is for a passphrase and it kind of gives the option if you're not using a passphrase destroy it

1486
01:34:18,988 --> 01:34:22,948
so obviously if you've like rolled your seed or something you don't care for having a passphrase

1487
01:34:22,948 --> 01:34:28,808
like just destroy it um or if it's in use but it's for like a multi-sig it kind of you know

1488
01:34:28,808 --> 01:34:32,868
you want to keep those together if it's multi-sig and passphrase i know some people don't think you

1489
01:34:32,868 --> 01:34:38,088
should use a passphrase if it's multi-sig personally my my kind of like belief right now

1490
01:34:38,088 --> 01:34:43,728
is like if you have not rolled your own seed even if it's for a multi-sig use a passphrase but i know

1491
01:34:43,728 --> 01:34:47,268
that's kind of like debatable so it gives the option to do that or keep the passphrase separately

1492
01:34:47,268 --> 01:34:52,288
if it's single sig um and then you know you can kind of type you can put in your passphrase you

1493
01:34:52,288 --> 01:34:57,988
can also kind of like tick to say whether it's exactly the the characters used like or if it's

1494
01:34:57,988 --> 01:35:04,848
kind of like you've recorded it in um cap hills for legibility only so maybe you want a lowercase

1495
01:35:04,848 --> 01:35:09,448
one but you want to record it in uppercase or vice versa kind of gives the option to kind of

1496
01:35:09,448 --> 01:35:13,888
record it like that way. If you've used mix, then you can just say exactly as characters used.

1497
01:35:14,288 --> 01:35:19,848
Personally, for me, I like to have my passphrases lowercase. So it's easy to put them in on the

1498
01:35:19,848 --> 01:35:25,568
device. But I like to record them uppercase, because I can read them better with my own

1499
01:35:25,568 --> 01:35:29,908
handwriting. So I've got a nice handy box that just says literally, capitals is for legibility

1500
01:35:29,908 --> 01:35:34,108
only real passphrases lowercase, really simple, like you can't kind of mix that up.

1501
01:35:34,108 --> 01:35:39,248
again you don't have to use necessarily all of these features or all these kind of

1502
01:35:39,248 --> 01:35:42,708
yeah these options like it might be that some of them you're just like this isn't for me but

1503
01:35:42,708 --> 01:35:48,588
just gives a really good way of getting it I was about to say I would just just noting and

1504
01:35:48,588 --> 01:35:57,208
thinking about this people can fill out forms yes you know and if you just give them exactly

1505
01:35:57,208 --> 01:36:04,828
like, listen, just fill this stuff out. And here are the three most important things. And here's the

1506
01:36:04,828 --> 01:36:14,488
six other useful things that, you know, you can maybe benefit from. And like, you do it for

1507
01:36:14,488 --> 01:36:21,508
insurance. You do it for, you know, you do it for anything that matters. And this is actually

1508
01:36:21,508 --> 01:36:29,628
pretty clever. I would like to have a more compact way to, to store it rather than like full sheets

1509
01:36:29,628 --> 01:36:35,648
of paper, you know, but this is great. I feel you. But also like, you know, we, people do their taxes

1510
01:36:35,648 --> 01:36:39,928
or whatever, every year, and you've got like 20 pages. And I kind of think of like for your life

1511
01:36:39,928 --> 01:36:44,468
savings, you know, in a lot of people's case, like having four sheets of paper is, it's not,

1512
01:36:44,548 --> 01:36:48,708
it's not much to ask. And a lot of it, you know, for example, the last page, like you mentioned,

1513
01:36:48,708 --> 01:36:53,408
like it's got like a handwriting key on there some of this stuff is definitely like just it's

1514
01:36:53,408 --> 01:37:00,008
for the extreme person like for me this is like the like cold card was all about the high you know

1515
01:37:00,008 --> 01:37:04,288
the kind of like extreme end of users you know obviously like yeah in retrospect they fucked it

1516
01:37:04,288 --> 01:37:10,068
with the the entropy but like the i've tried to kind of apply that mentality at least of having

1517
01:37:10,068 --> 01:37:16,008
something that's just like this is for kind of like a not necessarily like an advanced user there's

1518
01:37:16,008 --> 01:37:19,908
nothing advanced about it but like if you want to have peace of mind that you've got a really strong

1519
01:37:19,908 --> 01:37:24,548
backup and you're willing to sit and spend the time you do it so the last page has like a

1520
01:37:24,548 --> 01:37:31,148
handwriting key there so you can literally record your zero to your o you know your one and your l

1521
01:37:31,148 --> 01:37:35,648
etc you can record all those so that like you know i love that because so many people be like

1522
01:37:35,648 --> 01:37:39,268
well i can read my own handwriting and then two years later when they're recovering their seed

1523
01:37:39,268 --> 01:37:44,908
they're like uh well i definitely i mean i definitely couldn't i i couldn't in fact that's

1524
01:37:44,908 --> 01:37:51,108
an interesting thing. I was trying to figure out how I managed to get a correct mnemonic seed word,

1525
01:37:51,628 --> 01:37:56,628
even though it was like incorrect for my particular seed, like how that happened. And the only thing I

1526
01:37:56,628 --> 01:38:02,368
can think of how I did that, managed to get another valid word, is that at some point, I think I was

1527
01:38:02,368 --> 01:38:07,508
transferring my words from like, you know, the cardware wallet thing that was sent to another

1528
01:38:07,508 --> 01:38:13,688
piece of paper. And I think what I must have done is I couldn't read my own handwriting. And then I

1529
01:38:13,688 --> 01:38:18,828
went to the mnemonic c word list and when which one does it look like oh it must be that and then

1530
01:38:18,828 --> 01:38:24,868
oh this says r and i at the beginning and it's got uh that thing that looks like a u but oh it

1531
01:38:24,868 --> 01:38:32,348
maybe it's a v because it's got an al at the end precisely rival totally rival that shit was ritual

1532
01:38:32,348 --> 01:38:37,948
right so i think that's what i did so that's kind of why i put like the handwriting key on here as

1533
01:38:37,948 --> 01:38:41,948
well as useful and then and then there's also like a recovery test log so you can see when was this

1534
01:38:41,948 --> 01:38:47,888
last tested did it pass or not so that like you know this wallet was working at this date and if

1535
01:38:47,888 --> 01:38:51,408
you're like oh too much time has passed here you know you could potentially like set a reminder for

1536
01:38:51,408 --> 01:38:56,928
yourself test the wallet again in one year etc so yes it is it's a very boring form this is not

1537
01:38:56,928 --> 01:39:00,508
something that you're going to get and be like oh this is a super nice you know user experience it

1538
01:39:00,508 --> 01:39:06,388
literally is like doing a tax form but it's going to have maximum like information there

1539
01:39:06,388 --> 01:39:11,568
so that you can like but if you have to fill it out when you when you have your money stolen from

1540
01:39:11,568 --> 01:39:17,188
you, why don't you fill it out while you're keeping your money safe too? And if it's going to,

1541
01:39:17,188 --> 01:39:21,548
if it's going to save you. And this is a printed form, right? Like it's not this, the idea, you,

1542
01:39:21,628 --> 01:39:26,108
you know, you don't want to be like typing this on your computer or anything. Um, you print out

1543
01:39:26,108 --> 01:39:30,248
the form, you do it all by hand. The other two things I'm thinking about doing for this is

1544
01:39:30,248 --> 01:39:35,648
potentially put in like, um, it might be a little bit laborious, but like something.

1545
01:39:37,528 --> 01:39:41,268
Okay. So there's two ideas. One is potentially having something that would help you if you do

1546
01:39:41,268 --> 01:39:46,008
have to do some recovery like recording the first receive address like you could potentially do that

1547
01:39:46,008 --> 01:39:51,328
and then that would help in a recovery scenario the other thing i was thinking is potentially also

1548
01:39:51,328 --> 01:39:56,208
just having like uh the device pin the reason i've not put the device pin recording on here is

1549
01:39:56,208 --> 01:40:03,108
because really your backup should be in replacement of a hardware wallet not kind of like something

1550
01:40:03,108 --> 01:40:09,148
you shouldn't go to it while you have your wallet yes your wallet should be like a backup of that

1551
01:40:09,148 --> 01:40:11,308
Because the thing is, if you put the device pin on here,

1552
01:40:11,688 --> 01:40:14,768
and then you've kept it geographically separate from your hardware wallet,

1553
01:40:14,828 --> 01:40:17,548
but then suddenly you take a flight, you go and visit your family or whatever,

1554
01:40:17,668 --> 01:40:20,348
now they're both together, that's kind of like a risk.

1555
01:40:20,608 --> 01:40:22,468
So that's the reason I've kept it off for now,

1556
01:40:22,588 --> 01:40:26,488
but there might be some reason to do it potentially

1557
01:40:26,488 --> 01:40:29,248
if you absolutely know these two things are never going to be together.

1558
01:40:29,628 --> 01:40:32,148
But anyway, the reason I say all this is this is totally open source.

1559
01:40:32,328 --> 01:40:34,668
Anyone can contribute to it, and it's free.

1560
01:40:34,808 --> 01:40:36,248
Anyone can just go and download it.

1561
01:40:36,248 --> 01:40:41,108
So go to keybackup.org and you can just download the form.

1562
01:40:41,608 --> 01:40:44,428
And it also even has like a, this is probably a bit gimmicky.

1563
01:40:44,628 --> 01:40:47,708
It's not probably necessary for this, but you can even like verify the,

1564
01:40:47,828 --> 01:40:52,768
you can even kind of like verify the hash to make sure that the document is valid and stuff.

1565
01:40:52,808 --> 01:40:55,508
It's just a little thing that I kind of wanted to do in there for fun, really.

1566
01:40:55,668 --> 01:40:58,328
But yeah, it's a great, it's a really, really good form.

1567
01:40:58,428 --> 01:41:01,148
Personally, for me, I won't do a backup without using this now.

1568
01:41:01,188 --> 01:41:03,148
And I think that this document will help a lot of people.

1569
01:41:03,148 --> 01:41:06,028
So I hope that people will get some use for it.

1570
01:41:06,248 --> 01:41:09,528
This is a testament to why you are the producer.

1571
01:41:10,588 --> 01:41:15,688
Because this is the most type A personality shit I've ever seen in my life.

1572
01:41:16,308 --> 01:41:19,308
Like I almost had, I almost lost Bitcoin.

1573
01:41:20,308 --> 01:41:24,348
And I screwed up my backup plan.

1574
01:41:24,908 --> 01:41:35,128
So I created a form to fill out that has four pages of everything that could possibly relate to my backup of when it happened.

1575
01:41:35,128 --> 01:41:37,828
and I'm going to have a file folder

1576
01:41:37,828 --> 01:41:40,428
sorted and indexed

1577
01:41:40,428 --> 01:41:42,068
and I'm going to know exactly where it is.

1578
01:41:42,348 --> 01:41:45,788
This is such a you thing to do

1579
01:41:45,788 --> 01:41:46,688
and I love it.

1580
01:41:47,128 --> 01:41:47,568
This is great.

1581
01:41:47,828 --> 01:41:49,228
You've gone through that experience

1582
01:41:49,228 --> 01:41:51,268
of thinking you've lost funds and stuff

1583
01:41:51,268 --> 01:41:53,168
and the stress of that,

1584
01:41:53,448 --> 01:41:54,748
you're just like, you know what?

1585
01:41:54,868 --> 01:41:56,868
I would have put myself through a lot of pain

1586
01:41:56,868 --> 01:41:58,648
not to be feeling that I've just lost

1587
01:41:58,648 --> 01:42:00,708
half my life's savings.

1588
01:42:01,008 --> 01:42:01,448
If you just knew,

1589
01:42:01,528 --> 01:42:02,588
you'd go get your piece of paper.

1590
01:42:03,048 --> 01:42:04,988
Get your staple paper.

1591
01:42:04,988 --> 01:42:10,648
so easy to do man like i mean i really thought i had everything figured out with this backup i was

1592
01:42:10,648 --> 01:42:14,488
like you know i've always been really good with my backups i've always been like very very like

1593
01:42:14,488 --> 01:42:19,408
conscious of doing it and when it when i screwed it up i was like if i've screwed this up and you

1594
01:42:19,408 --> 01:42:25,348
know what i'm like i'm i'm very very like kind of that way inclined very like organized with stuff

1595
01:42:25,348 --> 01:42:31,328
and i was like if i screwed this up anyone can so yeah i i will only use this backup now like

1596
01:42:31,328 --> 01:42:35,888
honestly it's uh it feels like a different experience it's writing down writing down your

1597
01:42:35,888 --> 01:42:40,868
c words now on a piece of card from a harbor wallet it feels it genuinely feels wrong

1598
01:42:40,868 --> 01:42:51,228
i love it um well dude i said what that was that uh where is it key backup.org okay i'll have the

1599
01:42:51,228 --> 01:42:56,928
link in the show notes um and i actually have to have to roll i think food is here and the dogs

1600
01:42:56,928 --> 01:43:02,188
are freaking out that's all good i'm i'm suffocating a little bit behind my disguise here

1601
01:43:02,188 --> 01:43:09,748
anyway well it's really good nobody has any idea who you are no no well i mean this the thing is

1602
01:43:09,748 --> 01:43:14,008
like you know you're gonna die of covid any minute now you're gonna suffocate and it'll be all be all

1603
01:43:14,008 --> 01:43:21,288
because of covid what hashtag wear a mask but no it's like i i don't i don't mind like people

1604
01:43:21,288 --> 01:43:24,788
kind of like like there's there's people out there who kind of know my identity and stuff but

1605
01:43:24,788 --> 01:43:27,768
I get increasingly nervous about stuff,

1606
01:43:27,808 --> 01:43:28,968
especially with everything that's happening

1607
01:43:28,968 --> 01:43:30,248
like in Europe right now.

1608
01:43:30,588 --> 01:43:32,368
Like, you know, France is crazy

1609
01:43:32,368 --> 01:43:34,368
and it's starting to kick off in other places.

1610
01:43:34,608 --> 01:43:36,208
Like some places in Asia, it's not great.

1611
01:43:36,328 --> 01:43:38,248
Like people kind of get in,

1612
01:43:38,628 --> 01:43:40,008
like people are being recognized

1613
01:43:40,008 --> 01:43:41,948
like for having Bitcoin and stuff.

1614
01:43:42,108 --> 01:43:44,168
And like, I think that that as like,

1615
01:43:44,548 --> 01:43:47,808
if we're serious about where fiat is going,

1616
01:43:47,968 --> 01:43:50,648
which is like just amounting to basically

1617
01:43:50,648 --> 01:43:51,888
just becoming dirt,

1618
01:43:51,888 --> 01:43:57,868
then it's going to just that kind of like that security trade-off like people are going to want

1619
01:43:57,868 --> 01:44:00,688
your bitcoin and people are going to go to greater and greater lengths to find it and

1620
01:44:00,688 --> 01:44:06,288
i i don't mean to freak you out about this because you are the face of bitcoin oh no i'm screwed i

1621
01:44:06,288 --> 01:44:09,668
can see one day that's why that's why my practice

1622
01:44:09,668 --> 01:44:09,988
is

1623
01:44:09,984 --> 01:44:12,804
practice aim three to five times a day.

1624
01:44:12,804 --> 01:44:13,044
Yeah.

1625
01:44:13,104 --> 01:44:13,604
Just get it out.

1626
01:44:13,604 --> 01:44:14,704
Well, that's all right for you

1627
01:44:14,704 --> 01:44:15,604
because you're in America.

1628
01:44:15,784 --> 01:44:16,864
Yeah, in the US.

1629
01:44:17,204 --> 01:44:17,924
I can do that.

1630
01:44:17,924 --> 01:44:19,404
If you're in the cucked parts of the world,

1631
01:44:19,464 --> 01:44:20,564
which is most of it,

1632
01:44:20,684 --> 01:44:22,604
then you don't have that option.

1633
01:44:22,884 --> 01:44:24,144
So I think like,

1634
01:44:24,344 --> 01:44:25,524
and I can see one day

1635
01:44:25,524 --> 01:44:26,804
people really using these models.

1636
01:44:26,904 --> 01:44:28,184
It's already getting pretty crazy now

1637
01:44:28,184 --> 01:44:29,224
with people like doing,

1638
01:44:29,444 --> 01:44:31,124
going to great lengths to attack self-custody.

1639
01:44:31,464 --> 01:44:32,524
When people start putting models

1640
01:44:32,524 --> 01:44:33,064
and saying like,

1641
01:44:33,144 --> 01:44:34,864
who's posted about Bitcoin?

1642
01:44:35,024 --> 01:44:35,784
Who's talked about it?

1643
01:44:35,784 --> 01:44:36,564
Who's been talking about it

1644
01:44:36,564 --> 01:44:37,684
during these pivotal years

1645
01:44:37,684 --> 01:44:38,624
where it was kind of like

1646
01:44:38,624 --> 01:44:42,804
not worth as much as it is now. And, you know, then trying to kind of like tap into other ways

1647
01:44:42,804 --> 01:44:49,124
of finding you, like it's going to get pretty wild. So I think that like, um, yeah, people know

1648
01:44:49,124 --> 01:44:53,324
me in real life and I'm quite happy. Like when I'm, you know, conferences and stuff like that to

1649
01:44:53,324 --> 01:44:57,864
like introduce myself and meet people. I'm not one of the people who just wears, wears a disguise

1650
01:44:57,864 --> 01:45:04,824
all the time, but yeah, I, I try to just kind of, um, it's not a bad idea. It's like the 80,

1651
01:45:04,824 --> 01:45:10,544
20 kind of rule right it's like do the do the 20 of things that maybe have 80 the results so

1652
01:45:10,544 --> 01:45:16,684
so that's why yeah what i try to do my thing uh that i'll recommend everybody to do especially

1653
01:45:16,684 --> 01:45:23,884
if they are public in any way get a po box or like a ups mailbox or whatever put your business

1654
01:45:23,884 --> 01:45:30,704
address at that work through your business and anytime you were dealing with anything even

1655
01:45:30,704 --> 01:45:32,104
related to Bitcoin.

1656
01:45:33,104 --> 01:45:34,204
Ship to that address.

1657
01:45:34,304 --> 01:45:35,304
In fact, do it with everything.

1658
01:45:35,464 --> 01:45:36,004
Do it with everything.

1659
01:45:36,964 --> 01:45:40,344
Just make it a daily habit of running out and getting stuff.

1660
01:45:40,744 --> 01:45:45,464
And especially if you have like, you know, separate worlds,

1661
01:45:45,464 --> 01:45:47,764
like you can have like your Bitcoin world and your fiat world.

1662
01:45:49,424 --> 01:45:52,424
But everywhere you can, just get your home address off of it.

1663
01:45:53,524 --> 01:45:55,764
Try to get your name off of it if you can.

1664
01:45:55,764 --> 01:46:02,004
i thought i thought i thought like i mean because i don't know exactly how much it is for a po box

1665
01:46:02,004 --> 01:46:07,424
maybe it's like not that much i know in the uk it's it can be quite expensive to do it but like

1666
01:46:07,424 --> 01:46:13,064
personally for me if if i needed to do that i would just go down to my local like corner store

1667
01:46:13,064 --> 01:46:16,364
or whatever and just say to them hey do you mind if i get something sent here i'll give you like

1668
01:46:16,364 --> 01:46:20,804
i'll give you like a tip or something i'll just i'll give you five bucks to just receive my package

1669
01:46:20,804 --> 01:46:24,664
oh yeah like a trusted source yeah that'd be great yeah business address from a friend

1670
01:46:24,664 --> 01:46:26,724
you can always just do these little things

1671
01:46:26,724 --> 01:46:28,644
oh my god that would be a great oh my god

1672
01:46:28,644 --> 01:46:30,044
that would be a great freaking

1673
01:46:30,044 --> 01:46:41,456
service for a bitcoin space for like the Colorado space or whatever to basically let people of course it also a bit of a

1674
01:46:41,456 --> 01:46:42,996
bit of a honeypot there maybe

1675
01:46:42,996 --> 01:46:45,696
it is but it's probably more secure

1676
01:46:45,696 --> 01:46:46,696
to accept packages

1677
01:46:46,696 --> 01:46:48,316
because it's really about address

1678
01:46:48,316 --> 01:46:49,876
not like you're storing keys there

1679
01:46:49,876 --> 01:46:51,216
yeah

1680
01:46:51,216 --> 01:46:54,256
but to give people a delivery

1681
01:46:54,256 --> 01:46:54,896
I think they do

1682
01:46:54,896 --> 01:46:56,616
I think a lot of the spaces

1683
01:46:56,616 --> 01:46:58,676
they stock the hardware while it's there

1684
01:46:58,676 --> 01:46:59,916
so you don't even need to

1685
01:46:59,916 --> 01:47:05,616
get them sent there. Yeah. I just mean for general, general services and packaging and

1686
01:47:05,616 --> 01:47:10,356
shipments and all that stuff is to basically do that with like UPS. You know what they should do?

1687
01:47:10,676 --> 01:47:15,476
They should have a printer to print the key backup.org document. Cause my only thing when

1688
01:47:15,476 --> 01:47:19,536
I was getting it printed was I don't have a printer. So I had to go to the print store to

1689
01:47:19,536 --> 01:47:24,416
do it. And then I was like, now, you know, obviously it's, it's kind of diminishing levels

1690
01:47:24,416 --> 01:47:29,376
of, you know, uh, kind of a security exposure or whatever. But even doing that, I was like,

1691
01:47:29,376 --> 01:47:33,516
you know someone hands you the things in bitcoin and they might kind of like clock you and be like

1692
01:47:33,516 --> 01:47:39,796
you know i mean i live in mexico so it's not the it's not the safest place to uh kind of like

1693
01:47:39,796 --> 01:47:43,756
scream and shout about that stuff right like you're probably all right in a lot of places but

1694
01:47:43,756 --> 01:47:48,236
anywhere that you can be more private when it's not going to really cost you anything i think you

1695
01:47:48,236 --> 01:47:56,116
can it can help to do it yeah well that's awesome man um i'm very glad i'm very glad i was confident

1696
01:47:56,116 --> 01:47:58,316
that it was going to be figured out

1697
01:47:58,316 --> 01:47:59,416
and you get your keys back.

1698
01:48:00,156 --> 01:48:00,476
You were.

1699
01:48:00,616 --> 01:48:02,836
Well, I appreciate your help in the process as well.

1700
01:48:03,036 --> 01:48:05,036
You gave me some good advice that I employed

1701
01:48:05,036 --> 01:48:07,976
to get those funds back.

1702
01:48:08,996 --> 01:48:09,396
Awesome.

1703
01:48:09,736 --> 01:48:10,736
Yeah, appreciate it, man.

1704
01:48:10,816 --> 01:48:11,136
Hell yeah.

1705
01:48:11,696 --> 01:48:13,376
I love success stories

1706
01:48:13,376 --> 01:48:15,076
because there's way too many horror stories.

1707
01:48:15,516 --> 01:48:16,636
Yeah, especially right now.

1708
01:48:16,636 --> 01:48:17,876
There's way too many horror stories.

1709
01:48:18,196 --> 01:48:19,736
That's why I want to do this episode

1710
01:48:19,736 --> 01:48:20,976
because it was a success story.

1711
01:48:21,096 --> 01:48:22,556
It has a happy freaking ending.

1712
01:48:23,276 --> 01:48:25,316
And now we're going to build everything that we want with AI

1713
01:48:25,316 --> 01:48:27,576
and my sync is from my

1714
01:48:27,576 --> 01:48:29,336
pair drive app is almost done

1715
01:48:29,336 --> 01:48:30,616
I have a

1716
01:48:30,616 --> 01:48:33,056
so if you can see

1717
01:48:33,056 --> 01:48:34,516
that number right there

1718
01:48:34,516 --> 01:48:37,456
so I'm syncing my photos

1719
01:48:37,456 --> 01:48:39,636
back up I did not realize that

1720
01:48:39,636 --> 01:48:41,176
I

1721
01:48:41,176 --> 01:48:43,456
iPhone literally doesn't

1722
01:48:44,096 --> 01:48:45,516
like I don't have my photos

1723
01:48:45,516 --> 01:48:47,456
and my videos of like my kids

1724
01:48:47,456 --> 01:48:49,576
on my phone or at least I only have

1725
01:48:49,576 --> 01:48:51,496
like a small portion of it the rest of it's in iCloud

1726
01:48:51,496 --> 01:48:52,996
I have like 1.5 terabytes

1727
01:48:52,996 --> 01:48:55,296
and I've only got a terabyte on this phone

1728
01:48:55,296 --> 01:49:06,789
And it only taking up 200 gigs So like 800 gigs of that at least is missing Then even more I had no idea it was on iCloud If I had lost access to my iCloud

1729
01:49:07,529 --> 01:49:09,569
pictures that I took on this phone would not be on this phone.

1730
01:49:10,349 --> 01:49:12,829
And I'd be like, what the hell?

1731
01:49:14,469 --> 01:49:17,269
And so I finally was like, all right, well, I'll just make,

1732
01:49:18,109 --> 01:49:19,329
I know Paracore works.

1733
01:49:19,329 --> 01:49:23,049
I know we've got like PairDrive, all this stuff like sorted out.

1734
01:49:23,169 --> 01:49:25,349
So I just booted up a mobile version.

1735
01:49:25,349 --> 01:49:26,989
and all it does is, like right now,

1736
01:49:27,029 --> 01:49:28,829
is just sync my videos and photos.

1737
01:49:29,229 --> 01:49:35,609
I have 45,463 items to sync.

1738
01:49:36,849 --> 01:49:41,169
I use my camera and I take a lot of pictures of kids.

1739
01:49:42,069 --> 01:49:45,969
But I'm at 43,603 on the sync.

1740
01:49:46,629 --> 01:49:47,449
So it's almost done.

1741
01:49:47,449 --> 01:49:50,009
But is that going to, you have like some,

1742
01:49:50,389 --> 01:49:51,809
you have a server rack or something?

1743
01:49:51,869 --> 01:49:52,429
My Linux machine.

1744
01:49:52,429 --> 01:49:58,129
oh it's just just my linux machine and then it goes to a pair drive folder and so everything i

1745
01:49:58,129 --> 01:50:03,709
have installed with pair drive i can look at my photos you can but isn't it is it one location

1746
01:50:03,709 --> 01:50:09,149
that has the actual file itself and the others are kind of temporarily like tapping into that or

1747
01:50:09,149 --> 01:50:16,269
or do you sync across your device however however i want um so i'll have probably

1748
01:50:16,269 --> 01:50:22,149
i'll probably have like the most recent year and maybe all my favorites or something on my

1749
01:50:22,149 --> 01:50:28,369
Mac mini because I don't have enough hard drive space to get all of it probably um and I'll do

1750
01:50:28,369 --> 01:50:36,669
something similar with my uh MacBook Pro um but my start nine I think I'm gonna plug in some extra

1751
01:50:36,669 --> 01:50:41,969
hard drives into it and actually have a second backup but my brother's also setting up a uh

1752
01:50:41,969 --> 01:50:48,389
a unit so that he can plug into my pair drive my spaces and we're gonna start like finally really

1753
01:50:48,389 --> 01:50:54,729
testing and user practice like syncing and having joint things and i'm gonna back up all my photos

1754
01:50:54,729 --> 01:50:59,889
on his and he's gonna back up all his own mine just so that we can kind of have that like okay

1755
01:50:59,889 --> 01:51:05,449
it's truly distributed we know where it is we know which devices are like like have it so that

1756
01:51:05,449 --> 01:51:11,489
so we don't lose it and it's easy to access and it's very quick snappy because you have multiple

1757
01:51:11,489 --> 01:51:17,929
peers feeding it at all times um what you want to do is you want to ride the ai wave

1758
01:51:17,929 --> 01:51:20,889
and use it so that you can build Pear Drive.

1759
01:51:20,889 --> 01:51:32,621
And then you want to hope for the AI crash immediately after it built so that you can then buy the like storage again for cheap Absolutely Storage I want to get that I want to get that Ram I want to get that sweet

1760
01:51:32,741 --> 01:51:40,101
sweet Ram and, uh, and some really nice hard drives. No. Yeah. Um, but we're getting there.

1761
01:51:40,321 --> 01:51:44,901
I'm excited. I'm so excited. I'm excited. I think it's going to be awesome. I think it's

1762
01:51:44,901 --> 01:51:48,461
going to be awesome. I mean, you're building some cool stuff. I'm excited to, uh, like

1763
01:51:48,461 --> 01:51:53,081
sharing that process of like getting it going and getting it off the ground i'm interested to do

1764
01:51:53,081 --> 01:51:59,441
some testing with you soon so hell yeah i am well dude have yourself a i guess you're you're towards

1765
01:51:59,441 --> 01:52:07,561
the end of the night here are you in uh i think i'm an hour behind you okay okay well have a

1766
01:52:07,561 --> 01:52:14,601
wonderful evening and you man i'm gonna go get some food and relax and then spend two hours

1767
01:52:14,601 --> 01:52:20,421
walking my daughter because she won't go to sleep and break my back and then I'll have a rough day

1768
01:52:20,421 --> 01:52:27,021
tomorrow and then we'll do it all over again enjoy man thank you for having me on yeah dude yeah dude

1769
01:52:27,021 --> 01:52:31,781
thanks for hanging out uh we'll catch up in fact I actually would like to talk again tomorrow um

1770
01:52:31,781 --> 01:52:38,381
when I get this episode that I'm working on right now done uh just because I think our workflow is

1771
01:52:38,381 --> 01:52:44,061
ready to update a little bit cool and how I'm I'm doing this so we'll we'll talk tomorrow we'll talk

1772
01:52:44,061 --> 01:52:44,981
All right, brother.

1773
01:52:45,261 --> 01:52:45,401
Bye.

1774
01:52:45,561 --> 01:52:46,121
Thanks, boss.

1775
01:52:46,761 --> 01:52:47,161
Later, man.

1776
01:52:50,561 --> 01:52:51,281
All right, guys.

1777
01:52:51,401 --> 01:52:52,241
I got a lot to do.

1778
01:52:52,561 --> 01:52:53,861
I hope you enjoyed that episode.

1779
01:52:54,041 --> 01:52:55,901
Don't forget to follow Stack to the Future

1780
01:52:55,901 --> 01:52:59,441
as well as myself on social and all the places.

1781
01:53:00,181 --> 01:53:01,661
Check out the GitHub as well.

1782
01:53:01,661 --> 01:53:05,841
It should be listed under me as TheGuySwan on GitHub.

1783
01:53:06,601 --> 01:53:09,161
And I'll have the link to the Key Backup website.

1784
01:53:09,921 --> 01:53:12,081
And don't forget to grab yourself a bit box

1785
01:53:12,081 --> 01:53:13,101
with my discount code.

1786
01:53:13,101 --> 01:53:18,021
great way to help out the show and a wonderful hardware wallet open source off the bottom with

1787
01:53:18,021 --> 01:53:21,681
that i will catch you on the next one and until then that's our two sets

1788
01:53:43,101 --> 01:53:43,601
you
