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Welcome to Pleb Chain Radio, a live show brought to you by Plebs for Plebs, which focuses

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on the intersection of Nostra and Bitcoin protocols.

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Join QW and Avi as they run down the weekly news and developments, breaking down the current

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thing and the future frontier with the foundation of decentralization, the builders, thinkers,

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doers and plebs.

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All right, we are live.

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Welcome, gentle plebs, to episode number 125 of Pleb Chain Radio.

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This is the Lightning Laced Airwaves and today is Friday the 15th of August and it is 1.42pm

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on the east coast of the United States at the time of recording.

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A slightly different show here for you.

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No guests today because of an unfortunate last minute cancellation.

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so it will just be QW and myself

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prattling on for about an hour or so

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Oh, an hour, man?

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You got enough to talk about?

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We'll see. We'll find out.

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There is no script. There is nothing.

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And a reminder, folks,

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if you are listening to this show on Apple or Spotify,

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first of all, thank you for listening,

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but I would urge you to hit pause

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and switch over to the Fountain podcasting app

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where you can earn some sats

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and support the value for value revolution while you listen.

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And while you're there, if you could hit that subscribe button,

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you will get access to bonus content and help QW and me keep our mics warm and the show ad free.

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The show is streamed live on zap.stream and any other NOSTA client that supports streaming

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such as Amethyst or Nostr.

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And QW, this is a different show,

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so I don't know if you have Culture Corner prepared.

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Have you been paying attention to Bitcoin and Nostr culture in the last week?

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Part of this show is kind of talking about culture in a way.

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And what I've been kind of noticing, obviously, the big meme,

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I kind of base culture sometimes just off the meme trends

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because it's a week-over-week type of thing.

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And it started with American HODL doing a one vlog, video blog.

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And then yesterday, Marty Bent joined with a video blog.

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So we have two video bloggers.

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And here's the caveat.

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It's Noster only.

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So, Avi, is this going to drive the adoption,

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the hyper-gnostrification that we've been all talking about for the years.

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It depends on what they talk about, but it might, if it's interesting stuff.

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I'm picturing in, let's say, one month time, and this vlog thing really catches on.

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You open up your Primal app, Bobby, and you start scrolling,

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and it's just a string of dudes with their video cameras just ranting

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or telling their life, you know, their diary, their verbal diary.

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Just dudes everywhere.

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With a verbal diarrhea, more like it.

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Yeah, it will be interesting to watch, KW,

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if this trend catches on and it somehow drives normies in droves to Noster.

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It will be something.

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I will say Noshole

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that account Noshole

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she's been

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in Noster for a while

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I feel like she was one of the first

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kind of vloggers and I don't know if it was

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yeah I mean I guess it was basically

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vlogging but she

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was hilarious it was good

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and I

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don't think I've seen that on Noster

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but then again it's

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it's

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it's going to be interesting because there's

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not a lot of diversity in the pleb culture, what's mainly talked about, uh, what, uh, you know,

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the genders, uh, it's just something that it could get redundant and it could get kind of weird.

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Like for someone just like, let's say my wife joins now or jumps on her nostril account. She'd

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be like, what is this? Just a bunch of guys doing videos. Uh, you know, if, if it's not as bad as

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podcasters, uh, you know, uh, uh, what do you, what do you say? It's a split screen of a bunch of

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Bitcoiners talking about Bitcoin. What's that phrase you say?

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Bitcoiners talking to Bitcoiners about Bitcoin on a Zoom split screen.

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Yeah. So it's just going to be another extension of that, I suppose. But we'll see. I mean,

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it's good to try stuff new. I think Korn had an interesting post yesterday talking about how

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Noster or the clients themselves don't actually compress the video. So if you're watching this,

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let's just say you're downloading 300 megabytes per second watching this video of a dude talking.

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That's a problem, isn't it? Well, again, it depends on what the dude is talking about.

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You don't know. But no, I'm just saying like, you know, if you have your cell phone service and, you know, 300 megabytes is a lot of megabytes and you're just watching it like it's a YouTube video or something and it's not compressed and you have no idea, right?

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Yeah.

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Maybe it'll push the clients to add more compression.

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You know, what might work is if they live stream these vlogs on Zap.Stream, because I believe Zap.Stream does do the transcoding and compression and so on.

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Maybe that would work.

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But yes, these pre-recorded vlogs, I suspect, will suffer from the fate that you are, or at least the viewers, on limited bandwidth plans might end up paying the price.

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And I could say that I might be wrong on this.

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I am trusting Cornelorian's research.

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He's pretty good at homework.

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So I'm assuming that that's absolutely correct.

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But maybe there is a client that does compress or something, but who knows.

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So yeah, that was happening.

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The big launch of Proto, Jack's long-awaited ASIC mining, U.S. manufactured competition to the Bitmain.

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So it was something I, for some reason, I thought it was going to be much more like at home miner, something that can be offered to, let's say, me.

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I'm staring at both of my bid axes.

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I got a Canon Avalon Nano 3S next to me, something that would just kind of decentralize from the pleb state of point, from the pleb state of mind.

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But it turned out it was a larger unit.

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It's got great efficiency.

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It's got all the things you would expect, the maintenance standpoint of it.

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You can swap things out in 30 seconds down the road.

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It's easy to upgrade.

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It's very genius the way it was created, and it makes a lot of sense.

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But when it says contact sales for price, then I know it's not for me, man.

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Well, I think that is a good move, all set in UnQW, because Bitcoin mining hardware, that's been a big problem, right?

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Oh, yeah.

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For folks who are concerned about decentralization, backdoors, and so on.

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And Bitmain's pulled some bad stuff in the past.

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We've had a few shows where we call them the Bit... well, our guests call them the Bitmain Mafia.

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Right.

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That can never mean a good thing.

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And that's on the pool side, but even on the hardware side, it's been a few years now, but they've pulled some bad stuff, withholding information, new developments, them using it first before rolling it out, that kind of stuff.

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So I think that was rife for disruption.

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So Jack and Proto targeting the B2B market rather than the retail market to start with anyway makes sense.

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Maybe they will roll out some kind of Bitaxe type thing as well, targeted more at home users.

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But I think it's a smart move.

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Yeah, yeah, yeah.

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I don't know why I assumed it was going to be for me, Avi.

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Everything's for me, Avi, you know.

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And I was just, it was Christmas morning.

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I didn't get the Red Ryder BB gun in, you know.

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Someone else did, but that's okay.

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I'm happy for them.

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Decentralize the chips and let's rock.

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Yeah, and I don't know if there's any other trends right now.

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That was kind of the big two things.

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And, you know, my time's...

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One quick thing, QW.

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Fountain rolled out their new update.

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Now, it was out on TestFlight,

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and there are a lot of changes.

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They've written a blog post, I think it was released today,

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that outlines all the changes.

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I'm not going to just go through every single one of them.

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Just a couple that stood out was they've switched to Nostra likes,

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and that's going to feed into their trending algo on Fountain.

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But the most interesting one for me is the Nostra live streams now show up on Fountain.

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So I logged in the other day on my test flight,

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and I saw Scardust's 24-7 live stream on Fountain.

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and it was pretty cool.

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I was able to go in, post a few comments from Fountain

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that showed up on Zap.stream and elsewhere.

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Basically any client that supports the NIF 53.

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We're live right now on Fountain.

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I see it.

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I see it.

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We've been waiting for this.

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And yeah, it was like two days ago.

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I noticed the Scardust TV 24-7 was on

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and you noticed, I guess, the day before.

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So that's great.

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That's exciting.

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We've been waiting for that.

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And I think we've, you know, the other thing we've been waiting for is more clients doing the live stream within the app.

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But you know what?

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Fountain is, there's a reason they're trailblazing.

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And it seems like it's, I haven't actually tried to use it.

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I did comment on that Scardust.

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My zap didn't work, but maybe their wallet isn't configured correctly.

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Well, it's probably because it's not configured through Fountain.

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But that's something to look at too.

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yeah I think there probably is an issue

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with the zaps

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via fountain

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maybe that's I mean I suspect that'll change

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once they add Nostra Wallet Connect

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but you can certainly post comments

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which show up on all of the streams

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I'm sending 10 sats

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to our show right now

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and

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zap it zap it zap it pay with lightning

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and

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there it went so it does

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work so that that answers that it just comes down to how they set it up so

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awesome and anybody in the audience test out to see if your wallet works are you connected to the fountain oh yeah mine went through as well so maybe something to do with the scar dust um yeah because they set it up on the zap dot stream side uh whereas we are integrated

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i don't know i i don't know yeah yeah something to uh talk to lahav about huh yes for sure yeah

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Anything else, Avi?

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On Culture Corner?

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No, and I cut you off, QW.

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You were about to say something else when I started talking about Phantom.

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I don't know.

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I don't know.

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We're just rolling with this one today, Avi.

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That's right.

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I got excited about actually opening up the app and seeing if we're live stream, and it happened.

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And it happened.

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That's something.

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I mean, I can't stress how big that is.

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I've been waiting for that one.

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I wanted to see our show live via fountain because I'm a fountain enjoyer.

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So it's a big day.

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For me, it's a big day.

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And my Zabwalk too.

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It was made up for my proto-rugging that I mentally had.

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So thanks to the two Zappers that have zapped our show live right now,

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QW and Avi, testing fountain zap and test.

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We appreciate your support.

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You got a meme or anything?

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Anything, any other intro?

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A half-assed sermon?

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Anything?

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I got nothing, man.

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You know, these sermons take a while to write.

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And it's been that kind of week, QW.

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I was looking forward to having our guest on.

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And I suspect we will reschedule because it's a great topic.

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Unfortunately, they had a last-minute thing come up.

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And here we are. We are just two dudes with an acute case of Donning Kruger at it yet again.

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Hey, what Italian holiday is it today?

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I don't know. The feast of something.

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I know in New York City, around this time of year, there's an Italian carnival and it's a feast of some saint or the other.

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and it's always great fun

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they have these

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quickly assembled roundabouts

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and what not

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and then they have the fried Oreos

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and that kind of stuff

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which I'm sure would get you shot

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if you did that in Italy

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but I remember that

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I suspect it's something like that

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Feast of Some Saint

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The Feast of Saint Mark

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I think it's a

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it could be a woman's saint

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if I'm not okay so they're just they're just rocking all the they're just basically any

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of the saints they'll have a feast for hey man you you gotta have a feast

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it's the middle of summer it's like Americans just looking for reasons to drink

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the drinking holidays yeah so hey let's talk about some uh some big things because

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I'm super interested in your journey right now, Avi, because you quit your fiat job.

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The fiat minds are behind you for now. And tell me, how much time do you really have to make

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things happen before you start worrying? Number one. It feels like I have no time these days,

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I am busier than I ever have been.

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And I'm having the best time of my life

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because every single thing I do, I choose to do.

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I do these things because I want to do them,

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not because someone's telling me to do them,

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not because I'm doing it out of a sense of obligation

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to fulfill some contract that I had forced myself to sign.

238
00:15:37,272 --> 00:15:39,052
I'm talking about employment contracts, obviously,

239
00:15:39,332 --> 00:15:40,772
which I had forced myself to sign

240
00:15:40,772 --> 00:15:44,912
because I had convinced myself I needed that to support family

241
00:15:44,912 --> 00:15:46,652
or whatever it might be, right?

242
00:15:47,792 --> 00:15:50,212
Ever since I quit my job on July 4th,

243
00:15:50,292 --> 00:15:56,272
I've been, my calendar is full and it doesn't feel like work.

244
00:15:56,432 --> 00:16:00,952
It's incredibly rewarding and it's been a great experience.

245
00:16:02,152 --> 00:16:04,072
And there's a lot going on, QW.

246
00:16:04,072 --> 00:16:13,812
you. I'm working on the sequel to 24. The book's called July 18. And let's stop right there. Let's

247
00:16:13,812 --> 00:16:22,032
talk about that. So did you work on that book before July 4th? I had written maybe

248
00:16:22,032 --> 00:16:30,852
30 pages of that book or 40 pages of that book. And I just crambled some time together between

249
00:16:30,852 --> 00:16:34,372
the beginning of this year and till I quit.

250
00:16:34,632 --> 00:16:36,232
Yeah, let's just call it about 50 pages.

251
00:16:37,072 --> 00:16:40,152
So in that 30 to 50 pages,

252
00:16:40,592 --> 00:16:44,672
how difficult is it to be in that headspace

253
00:16:44,672 --> 00:16:48,132
of the fiat slavery, essentially,

254
00:16:48,752 --> 00:16:50,172
when you're trying to make something,

255
00:16:50,172 --> 00:16:54,152
you're trying to create, have a mindset

256
00:16:54,152 --> 00:16:57,952
where you're essentially building this story.

257
00:16:57,952 --> 00:17:11,172
uh and what what page are you at now 340 and so what was harder the uh 260 or the uh the the 40

258
00:17:11,172 --> 00:17:17,792
before that oh the the the first 40 or 50 were definitely the hardest it would be two or three

259
00:17:17,792 --> 00:17:25,292
pages in in you know i'd find a day or two a week i'd be able to carve out and then write two or

260
00:17:25,292 --> 00:17:31,432
three pages on each of those days. And that was it. And it was hard, man. And here's the other

261
00:17:31,432 --> 00:17:37,312
thing, right? I wrote 24, which is a 400-page book, or a little over 400 pages. I wrote that

262
00:17:37,312 --> 00:17:43,232
when I still had the same fiat job, but the circumstances were a little different.

263
00:17:44,512 --> 00:17:52,032
It wasn't as stressful at that time. You know, it hadn't become toxic.

264
00:17:52,032 --> 00:17:59,812
and then and so I was able to find the headspace obviously not ideal right you say yeah there would

265
00:17:59,812 --> 00:18:04,772
be days when I'd sit down write about 10 pages which is a good day 10 pages is really solid right

266
00:18:04,772 --> 00:18:10,092
it's about three between three and four thousand words a solid three four hour stretch of writing

267
00:18:10,092 --> 00:18:15,932
and I'd be able to do that there would be interruptions obviously I'd have to go

268
00:18:15,932 --> 00:18:22,412
take a call, but I was able to delegate things and wasn't dealing with any fiat toxicity at that

269
00:18:22,412 --> 00:18:30,672
point. My job became way more toxic in the last year, year and a half. So whenever I tried in

270
00:18:30,672 --> 00:18:37,152
writing in January, yeah, I think it was early this year when I began writing the sequel, it was

271
00:18:37,152 --> 00:18:45,292
just, it was impossible. Constantly getting pinged, dealing with some made up crisis or the other.

272
00:18:45,932 --> 00:18:48,832
Um, so yeah, it was really hard to get into the headspace.

273
00:18:48,832 --> 00:18:52,792
And then July 4th happened and I was, I was a free man.

274
00:18:52,912 --> 00:18:58,292
It took me a while to, uh, to realize how free I was before I started writing.

275
00:18:58,472 --> 00:19:03,312
Um, maybe it took me about a week or so, but yeah, but it's been, you know, in the last,

276
00:19:03,392 --> 00:19:12,112
so let's just say in the last month I've written about a solid 260 to 270 pages.

277
00:19:12,112 --> 00:19:19,612
that's that's a lot of hours uh and when you write those uh do you

278
00:19:19,612 --> 00:19:28,592
i think about like doc how he's he he vibe coded his our buddy doc he vibe coded his uh power app

279
00:19:28,592 --> 00:19:35,652
but he got to a point where he rebuilt it got to a point and then rebuilt it uh do you ever when

280
00:19:35,652 --> 00:19:42,392
you're writing in a book, writing a novel, do you get to a chapter, you get to the next one,

281
00:19:42,432 --> 00:19:49,112
you're like, wait a second, I have a better idea and have to actually rewrite, you know,

282
00:19:49,112 --> 00:19:55,292
go back a couple chapters and rebuild the story? I think for me, most of the going back and

283
00:19:55,292 --> 00:20:00,612
rewriting has been, oh, I could have worded that better. So I go back and change the wording. Now,

284
00:20:00,612 --> 00:20:02,872
without giving too much away, right?

285
00:20:03,792 --> 00:20:07,612
For folks who read 24, incredibly convoluted plot

286
00:20:07,612 --> 00:20:09,792
and lots of moving parts.

287
00:20:10,492 --> 00:20:15,092
I think July 18th, the sequel is even more complicated

288
00:20:15,092 --> 00:20:16,052
and convoluted.

289
00:20:18,072 --> 00:20:23,092
And there have been moments when I said,

290
00:20:23,212 --> 00:20:24,772
oh crap, maybe I should,

291
00:20:25,272 --> 00:20:27,672
I've just had a new idea for the plot arc.

292
00:20:27,672 --> 00:20:34,672
but for that I need to change something that happened in the past right in the previous chapter

293
00:20:34,672 --> 00:20:39,752
so that it actually lines up with how this new idea will take off so I've had to do that two or

294
00:20:39,752 --> 00:20:46,792
three times it hasn't been a massive rewrite so anytime I I would say the bulk of the big rewrites

295
00:20:46,792 --> 00:20:51,772
have been I'm writing a new chapter and I'm thinking about uh you know part of my mind

296
00:20:51,772 --> 00:20:55,612
wanders to how I phrased something in the previous chapter I was like ah you know what I could have

297
00:20:55,612 --> 00:21:02,392
set it better and go back and change that. So not, not, not, not a tremendous amount.

298
00:21:02,452 --> 00:21:08,472
Cause I think about like, uh, you know, if you're writing 40 pages in a, let's say a month's time,

299
00:21:08,472 --> 00:21:16,012
you have a lot of time to reflect on that. Um, whereas it is, I, I do, but also, you know,

300
00:21:16,012 --> 00:21:21,612
this plot is like a Rube Goldberg, uh, machine because of the number of moving parts. So I'm

301
00:21:21,612 --> 00:21:26,532
taking great pains to make sure that I don't have to go back and change because if I go

302
00:21:26,532 --> 00:21:33,112
back five steps and I pull one of those little whatever egg beaters or whatever it is out or I'm

303
00:21:33,112 --> 00:21:40,072
drawing the parallel to Rube Goldberg then the whole structure potentially collapses so

304
00:21:40,072 --> 00:21:49,872
I'm trying to be very deliberate and slow and I plan the entire chapter arc out before writing it

305
00:21:49,872 --> 00:21:55,992
I take, you know, map all the scenes, and then within a scene, I have them mapped out in beats.

306
00:21:57,092 --> 00:22:02,792
So I take great care, just because it's so complicated.

307
00:22:02,952 --> 00:22:06,792
If I make a small change in the back, it might, you know, the whole structure might collapse.

308
00:22:06,792 --> 00:22:07,892
So, yeah.

309
00:22:09,792 --> 00:22:15,552
So you're working on something else, and obviously we've touched on it.

310
00:22:15,772 --> 00:22:18,452
And I think he even did a show with Walker.

311
00:22:18,452 --> 00:22:21,032
he got the exclusive I believe

312
00:22:21,032 --> 00:22:23,292
but you talked about

313
00:22:23,292 --> 00:22:25,212
finding a home on that show

314
00:22:25,212 --> 00:22:26,592
but you're on

315
00:22:26,592 --> 00:22:28,032
you're trying to raise money

316
00:22:28,032 --> 00:22:29,472
you're at what 84% now?

317
00:22:30,152 --> 00:22:32,892
It's gone up to 87 or 88

318
00:22:32,892 --> 00:22:34,332
in the last year too

319
00:22:34,332 --> 00:22:36,532
You're closing in on

320
00:22:36,532 --> 00:22:39,452
full funding but not quite there yet

321
00:22:39,452 --> 00:22:40,312
in this

322
00:22:40,312 --> 00:22:43,212
when is this in this episode 3

323
00:22:43,212 --> 00:22:43,552
correct?

324
00:22:44,512 --> 00:22:46,212
The funding is for episode 3

325
00:22:46,212 --> 00:22:46,812
that's right

326
00:22:46,812 --> 00:22:50,652
Right. So talk to me about finding home and where you're at now.

327
00:22:51,832 --> 00:23:00,572
Yeah. Finding home is an idea I had actually two years ago, which is part of it was a,

328
00:23:01,292 --> 00:23:05,952
it wasn't entirely based on this, right? But part of it came from a rebellion against,

329
00:23:06,572 --> 00:23:13,592
and even two years ago, right? The state of Bitcoin podcasting. And actually the joke about

330
00:23:13,592 --> 00:23:16,772
Bitcoin podcasters talking to Bitcoin podcasters

331
00:23:16,772 --> 00:23:19,532
on a Bitcoin podcast about Bitcoin podcasting

332
00:23:19,532 --> 00:23:31,604
right on a Zoom split screen To me that it just it is emblematic of not every single Bitcoin podcast Obviously there are some very good ones but a lot of them

333
00:23:32,364 --> 00:23:33,504
And this is in 2023.

334
00:23:33,744 --> 00:23:35,784
And I said, there's got to be something different.

335
00:23:36,104 --> 00:23:39,304
And look, this is part of the reason why we do an audio-only show.

336
00:23:39,544 --> 00:23:45,564
We don't want to fit into that Zoom split-screen mold that we see so much of.

337
00:23:45,604 --> 00:23:47,384
That's why we don't talk about NGO.

338
00:23:47,384 --> 00:23:49,504
We're trying to avoid that topic as much as we can.

339
00:23:49,504 --> 00:24:00,124
And we don't talk about a lot of topics that are talked about in these replicator, Zoom split screen podcasts.

340
00:24:00,124 --> 00:24:01,984
We focus on culture and so on.

341
00:24:02,144 --> 00:24:14,464
But I wanted to see if there was a way of sort of breaking through that and creating Bitcoin content that was in a completely separate medium.

342
00:24:14,624 --> 00:24:18,884
So one uncompromising thing was it would have to be high quality.

343
00:24:18,884 --> 00:24:24,984
Not YouTube quality. It would have to be Netflix, Apple TV, Amazon Prime, streaming quality.

344
00:24:25,724 --> 00:24:26,804
And there is a distinction.

345
00:24:27,384 --> 00:24:29,464
That's not to say YouTube videos are bad.

346
00:24:29,804 --> 00:24:31,264
There's some really good YouTube stuff.

347
00:24:31,484 --> 00:24:37,664
But you're making that with a very different frame of mind than you are with, let's say, a chef's table on Netflix.

348
00:24:37,904 --> 00:24:39,944
Or an Anthony Bourdain type show.

349
00:24:40,244 --> 00:24:41,464
He predates Netflix.

350
00:24:41,464 --> 00:24:50,824
But that style of show, the production value is front and center there and the storytelling and so on.

351
00:24:52,504 --> 00:24:55,904
So that was one of the motivations.

352
00:24:56,404 --> 00:24:59,524
And I did want to tell stories about Bitcoiners.

353
00:24:59,664 --> 00:25:01,464
Bitcoiners are doing incredible things.

354
00:25:01,564 --> 00:25:03,044
They're leading these incredible lives.

355
00:25:03,044 --> 00:25:10,784
And wouldn't it be nice if the rest of the world was able to hear these stories in a way that was approachable to them?

356
00:25:10,784 --> 00:25:22,744
So that would mean not being lectured about Bitcoin, but listening to stories of people finding home, right?

357
00:25:22,884 --> 00:25:28,944
Expats, immigrants, whatever you want to call them, adapting to a new culture.

358
00:25:29,684 --> 00:25:32,944
What parts of their childhood culture have they brought with them?

359
00:25:33,004 --> 00:25:36,904
The cuisine, the music, whatever it is.

360
00:25:36,904 --> 00:25:43,724
so there are some really compelling stories to tell and there's a there's a nice parallel here

361
00:25:43,724 --> 00:25:52,064
as well just as the expat or the immigrant is searching for a physical home right find and

362
00:25:52,064 --> 00:25:57,744
therefore the name finding home they're also bitcoiners and bitcoiners have this metaphorical

363
00:25:57,744 --> 00:26:03,904
search for a sovereign home oh that bitcoiners are immigrants from fiat and they're looking for

364
00:26:03,904 --> 00:26:10,824
a home in this sovereign and sound money. So I wanted to mirror those two stories and tell them.

365
00:26:11,844 --> 00:26:19,824
And that was the idea two years ago. And then it took a while to get to a point where I was able

366
00:26:19,824 --> 00:26:24,904
to tell myself, you know what, you can just do things, right? Getting outside of my own head,

367
00:26:25,164 --> 00:26:31,144
my own brain, which would keep telling me, well, there's so many reasons why this won't work.

368
00:26:31,144 --> 00:26:32,964
how are you going to raise the money

369
00:26:32,964 --> 00:26:35,144
where are you going to find the right camera person

370
00:26:35,144 --> 00:26:36,744
how are you going to get this edited

371
00:26:36,744 --> 00:26:37,884
who's going to watch it

372
00:26:37,884 --> 00:26:41,044
all the surface level reasons

373
00:26:41,044 --> 00:26:42,924
that the human brain is really good at

374
00:26:42,924 --> 00:26:43,984
coming up with

375
00:26:43,984 --> 00:26:46,364
all the hows and the buts

376
00:26:46,364 --> 00:26:48,204
for why you cannot do something

377
00:26:48,204 --> 00:26:50,004
so it took me a while to step out of that

378
00:26:50,004 --> 00:26:51,344
and say you know what I'm just doing it

379
00:26:51,344 --> 00:26:52,404
because I can do it

380
00:26:52,404 --> 00:26:56,864
and so I filmed the first show

381
00:26:56,864 --> 00:26:58,364
in October of last year

382
00:26:58,364 --> 00:27:04,524
it took a while to get it edited and and so on again this is a shoestring budget right

383
00:27:04,524 --> 00:27:11,184
and I was fully self-funding it so it took a while for that to come out and finally it was

384
00:27:11,184 --> 00:27:17,364
out on IndieHub a few weeks ago we had Zach from IndieHub a couple of weeks back to talk about

385
00:27:17,364 --> 00:27:24,944
you know what that platform is about the in June I filmed the second episode when I was in Prague

386
00:27:24,944 --> 00:27:29,124
that is being edited and is in post-production

387
00:27:29,124 --> 00:27:33,124
by our dear friends Lahav and Noah from Scardust.

388
00:27:34,504 --> 00:27:39,024
Hopefully, we'll release that episode sometime in October,

389
00:27:39,164 --> 00:27:39,784
early October.

390
00:27:39,984 --> 00:27:40,604
That's the hope.

391
00:27:41,124 --> 00:27:42,704
Wow, they're doing it?

392
00:27:43,264 --> 00:27:44,164
They're doing it, yeah.

393
00:27:47,424 --> 00:27:49,484
Noah is quite the editor.

394
00:27:49,484 --> 00:27:53,244
Blockchain radio has been pretty good to you, I'll tell you.

395
00:27:53,244 --> 00:27:59,344
The amount of networking that we've done, just by conversation, you know what I mean?

396
00:28:00,664 --> 00:28:04,324
It's really a beautiful web that gets spun.

397
00:28:04,904 --> 00:28:09,644
Do you feel like you'd have met them if not for this show?

398
00:28:11,304 --> 00:28:17,944
Yeah, I don't know if the relationship would have deepened if he hadn't done the show.

399
00:28:18,424 --> 00:28:22,224
Now, I should give a big shout out to Richard Greaser from The Bugle.

400
00:28:22,224 --> 00:28:23,084
Yeah, yeah.

401
00:28:23,244 --> 00:28:26,324
who was the one who introduced me to this band in the first place.

402
00:28:26,624 --> 00:28:28,364
He did that show with them.

403
00:28:28,484 --> 00:28:30,244
It wasn't part of their regular show.

404
00:28:30,304 --> 00:28:31,844
It was behind the podcast, I think.

405
00:28:32,224 --> 00:28:35,484
Or I think he was doing a music offshoot in the Bugle.

406
00:28:35,864 --> 00:28:40,124
And I happened to listen to that episode, and I said, this is incredible.

407
00:28:40,544 --> 00:28:42,404
It so happened it's my favorite genre of music.

408
00:28:42,544 --> 00:28:45,904
And then hearing Lahav and Noah speak so eloquently,

409
00:28:46,164 --> 00:28:49,284
not just about the music and the video, but about Bitcoin itself,

410
00:28:49,364 --> 00:28:51,744
I was like, I really want these people on my show.

411
00:28:51,744 --> 00:28:57,044
So then having them on the show certainly helped deepen that friendship and that relationship.

412
00:28:57,504 --> 00:28:58,524
And yeah, here we are.

413
00:28:59,384 --> 00:29:01,264
Yeah, that's cool.

414
00:29:01,564 --> 00:29:07,604
And when you say expat, does it have to be out of the country?

415
00:29:09,424 --> 00:29:12,284
At least for season one, QW, that's what I'm thinking.

416
00:29:12,284 --> 00:29:16,984
If I was in the deep south, let's say I was Yowlin and I went to New York City.

417
00:29:18,604 --> 00:29:21,184
It's kind of a big culture change, right?

418
00:29:21,184 --> 00:29:24,604
I feel like it's at a cultural level

419
00:29:24,604 --> 00:29:25,904
That the contrast

420
00:29:25,904 --> 00:29:28,704
And how you kind of create your life

421
00:29:28,704 --> 00:29:30,384
Around being

422
00:29:30,384 --> 00:29:32,904
Basically culture shocked

423
00:29:32,904 --> 00:29:33,324
Right?

424
00:29:33,864 --> 00:29:36,484
Yeah, I think something like that could work

425
00:29:36,484 --> 00:29:38,584
I think that would land a lot better with

426
00:29:38,584 --> 00:29:39,944
An American audience

427
00:29:39,944 --> 00:29:41,964
Which is a lot more familiar with the

428
00:29:41,964 --> 00:29:43,944
Crocodile Dundee

429
00:29:43,944 --> 00:29:45,244
Right

430
00:29:45,244 --> 00:29:48,584
You said

431
00:29:48,584 --> 00:29:49,804
Deep South, Kitabi

432
00:29:49,804 --> 00:30:06,584
So our Prague episode, the Prague episode was with Grafton, a man from Mississippi who has made Prague, who has found home in Prague and in the cypherpunk web of trust that he's creating with a lot of others in that town.

433
00:30:06,684 --> 00:30:09,604
So that's going to be an interesting story as well.

434
00:30:09,664 --> 00:30:13,364
But yes, just going back to your earlier question, I'm certainly open to that.

435
00:30:13,364 --> 00:30:20,144
my only hesitation, especially in season one, is that would certainly resonate with an American

436
00:30:20,144 --> 00:30:25,944
audience, maybe not so much with an international audience who are, who would be unfamiliar,

437
00:30:26,404 --> 00:30:32,344
let's say, with the nuances of, you know, Southern culture versus Northern culture. I might say,

438
00:30:32,404 --> 00:30:38,044
hey, it's just Americans, man. What are you doing? Yeah. I mean, when I moved to Florida,

439
00:30:38,044 --> 00:30:40,644
I was really trying to find home.

440
00:30:40,744 --> 00:30:43,044
And what I mean by that is Sonoran Mexican food.

441
00:30:43,464 --> 00:30:44,564
I couldn't find it anywhere.

442
00:30:44,744 --> 00:30:49,324
And that was my staple, my heart and my soul food.

443
00:30:50,064 --> 00:30:53,464
And I was trying to find Sonoran Mexican food.

444
00:30:53,704 --> 00:30:56,644
That would be the closest to finding home I've ever gotten, Avi.

445
00:30:57,184 --> 00:30:58,064
And did you find it?

446
00:30:59,304 --> 00:31:01,104
Oh, man, it was sad.

447
00:31:01,444 --> 00:31:02,104
It was sad.

448
00:31:02,104 --> 00:31:05,164
It was, yeah, no, no.

449
00:31:05,164 --> 00:31:08,824
I ended up having to fly home to get it.

450
00:31:09,144 --> 00:31:11,284
So there you go.

451
00:31:12,004 --> 00:31:14,324
But no, that's great, man.

452
00:31:15,344 --> 00:31:21,284
So how do you go about, so this, obviously you have connections with episode one and two,

453
00:31:21,464 --> 00:31:28,984
but this is where you're funding, you're getting the funding for your, and where's the third one at?

454
00:31:29,484 --> 00:31:31,284
It's in South America.

455
00:31:31,784 --> 00:31:34,364
It's in Paraguay, in Asuncion.

456
00:31:35,244 --> 00:31:37,424
Yeah, so how do you go about budgeting this?

457
00:31:37,524 --> 00:31:39,384
How do you even know where you're going to go?

458
00:31:39,824 --> 00:31:43,724
Obviously, you find the point of contact, and it kind of starts from there, correct?

459
00:31:44,724 --> 00:31:45,164
Yes.

460
00:31:47,804 --> 00:31:54,784
When I was in Prague filming the episode with Grafton, there was no Paraguay episode, right?

461
00:31:56,604 --> 00:31:57,424
Nothing planned.

462
00:31:57,524 --> 00:31:59,964
I didn't even know it was going to happen.

463
00:31:59,964 --> 00:32:06,104
And then in Prague, I was introduced to this guy who's organizing a Bitcoin conference there.

464
00:32:06,664 --> 00:32:15,604
And he's from the Czech Republic and he's moved to Asuncion and he's made a life of a young guy and really dynamic, doing amazing stuff.

465
00:32:16,484 --> 00:32:21,144
And he wanted someone to talk about Bitcoin and Nostra and he invited me to speak.

466
00:32:21,204 --> 00:32:23,424
And I said, you know what, your story sounds fascinating.

467
00:32:23,804 --> 00:32:24,864
You're a young Czech guy.

468
00:32:24,864 --> 00:32:35,544
You've made Asuncion your home, Asuncion, the capital of Paraguay, and you're building this incredible sort of Bitcoin movement there, along with several others, by the way.

469
00:32:35,624 --> 00:32:37,004
There is quite the scene there.

470
00:32:38,984 --> 00:32:41,524
So I said, you know what, I'd love to do it.

471
00:32:42,344 --> 00:32:49,944
I reached out to a few folks and they said, yeah, we'll be happy to support you.

472
00:32:50,864 --> 00:32:54,144
I reached out to the Angor folks because I wanted to set up a fundraiser.

473
00:32:54,584 --> 00:32:55,964
They were incredibly generous.

474
00:32:57,084 --> 00:32:58,744
And because, I mean, it was a bit of a,

475
00:32:58,944 --> 00:33:01,124
I suppose you could think of it as value for value, QW.

476
00:33:01,664 --> 00:33:02,864
Angora is a new platform.

477
00:33:03,784 --> 00:33:06,924
I, you know, I'm doing this up and coming film series.

478
00:33:07,224 --> 00:33:08,944
So they were happy to feature me.

479
00:33:09,883 --> 00:33:12,784
And obviously I'm happy to be on a platform

480
00:33:12,784 --> 00:33:13,804
where I can raise funding.

481
00:33:14,664 --> 00:33:18,504
And they were generous in being one of the donors.

482
00:33:18,684 --> 00:33:20,544
And then a few other of our Bitcoin friends.

483
00:33:21,504 --> 00:33:23,024
Isn't that called the pleb wheel, Avi?

484
00:33:23,024 --> 00:33:25,883
I suppose it is, yes

485
00:33:25,883 --> 00:33:28,383
Shout out Open Mike

486
00:33:28,383 --> 00:33:29,604
He came through yesterday

487
00:33:29,604 --> 00:33:31,084
With a generous donation

488
00:33:31,084 --> 00:33:32,044
Thank you Open Mike

489
00:33:32,044 --> 00:33:34,304
Ben Howard

490
00:33:34,304 --> 00:33:35,324
A few others

491
00:33:35,324 --> 00:33:37,624
The way I set it up is

492
00:33:37,624 --> 00:33:39,004
Over a certain number

493
00:33:39,004 --> 00:33:41,184
I can't remember the exact number

494
00:33:41,184 --> 00:33:44,324
I'm trying to raise 6 million sats there

495
00:33:44,324 --> 00:33:45,624
For Paraguay

496
00:33:45,624 --> 00:33:48,764
There are some other costs

497
00:33:48,764 --> 00:33:50,084
That are being covered offline

498
00:33:50,084 --> 00:33:51,624
So 6 million sats

499
00:33:51,624 --> 00:33:53,164
which is, you know, about $7,000,

500
00:33:53,984 --> 00:33:54,804
will, believe it or not,

501
00:33:54,844 --> 00:33:56,924
actually covers the whole filming post-production.

502
00:33:57,383 --> 00:33:59,364
Incredibly, we're talking about hundreds of hours

503
00:33:59,364 --> 00:34:00,664
of work here, KW, right?

504
00:34:01,104 --> 00:34:03,264
You know this is the top, though, right now,

505
00:34:03,444 --> 00:34:04,804
the cycle top.

506
00:34:05,304 --> 00:34:07,284
The men are vlogging on Noster,

507
00:34:07,524 --> 00:34:09,304
so that's top signal right there.

508
00:34:10,264 --> 00:34:11,024
Are you worried?

509
00:34:11,144 --> 00:34:13,204
Are you trying to get these sats quicker than,

510
00:34:13,804 --> 00:34:15,844
you know, let's say you wait two or three months,

511
00:34:16,044 --> 00:34:18,284
we could be down to 58K, gang.

512
00:34:18,504 --> 00:34:20,484
Hey, man, one sat equals one sat.

513
00:34:20,484 --> 00:34:30,724
No, but honestly, though, 58K puts me in a really tough spot, QW, because I quit my job thinking that I have a few years, you know, a couple of years of runway.

514
00:34:31,464 --> 00:34:34,364
And that couple of years suddenly becomes six months.

515
00:34:35,444 --> 00:34:37,204
Max bidding, Avi, max bidding.

516
00:34:37,904 --> 00:34:38,064
Yeah.

517
00:34:39,424 --> 00:34:43,024
Hey, here's, you know what, just going back to the fiat job thing.

518
00:34:43,024 --> 00:34:46,584
I saw someone post a meme the other day

519
00:34:46,584 --> 00:34:48,024
but this is exactly my thinking

520
00:34:48,024 --> 00:34:51,383
which is the real risk is not taking a risk

521
00:34:51,383 --> 00:34:53,804
and I'd found myself in that spot

522
00:34:53,804 --> 00:34:55,224
you know early 40s

523
00:34:55,224 --> 00:34:58,904
just incredibly bitter, angry and resentful

524
00:34:58,904 --> 00:35:00,224
with being in the fiat world

525
00:35:00,224 --> 00:35:02,124
feeling like I was trapped

526
00:35:02,124 --> 00:35:04,084
you know we had Brandon Carpelle's

527
00:35:04,084 --> 00:35:17,555
Plebian on talking about this as well right guy you know just the standard almost seems like the standard formula for a male Bitcoiner in their late 30s early 40s

528
00:35:17,555 --> 00:35:19,916
who is in the fiat job.

529
00:35:21,295 --> 00:35:24,155
They just hit this existential wall

530
00:35:24,155 --> 00:35:25,495
and they're like, what am I doing?

531
00:35:25,595 --> 00:35:28,936
I feel like I have to do this to support my family.

532
00:35:28,936 --> 00:35:30,735
I don't want to rug pull my family.

533
00:35:30,735 --> 00:35:34,456
and you create all these walls around yourself.

534
00:35:34,595 --> 00:35:36,615
You live in the cage that you've built for yourself.

535
00:35:36,615 --> 00:35:42,175
And at some point, I reached that point where I said,

536
00:35:42,495 --> 00:35:45,635
the real risk I'm taking here is by not taking a risk

537
00:35:45,635 --> 00:35:51,675
and quitting fiat because I might die of stress or something, right?

538
00:35:52,135 --> 00:35:55,235
Who knows what's, I'm so miserable, I'm so stressed out.

539
00:35:55,295 --> 00:35:57,755
Who the hell knows what this is doing to me?

540
00:35:57,755 --> 00:36:08,635
um but yeah uh so going back to asuncion and paraguay uh so yeah big shout out to

541
00:36:08,635 --> 00:36:15,956
angor for coming through uh with a big donation uh there's another person i don't know if he wants

542
00:36:15,956 --> 00:36:21,255
to be named or not he's going to be the executive producer i can check with him but he's he's he's

543
00:36:21,255 --> 00:36:27,735
by far the biggest donor because he's doing some of the offline uh non-angor uh help as well with

544
00:36:27,735 --> 00:36:37,436
the filmography. So the way it's set up is 2 million sats gets you an executive producer title

545
00:36:37,436 --> 00:36:46,755
on the show. 1 million sats gets you associate producer. And then anything below that is you

546
00:36:46,755 --> 00:36:52,696
get a special thanks in the credit. But yeah, that's kind of where I am with Paraguay. It's

547
00:36:52,696 --> 00:36:57,376
in mid-September. It's going to coincide with the Accelerating Bitcoin Conference.

548
00:36:58,896 --> 00:37:04,675
And yeah. Accelerating Bitcoin Conference. Is that in?

549
00:37:05,715 --> 00:37:09,595
It is in Ascension. Yes. And I'll be speaking at that conference as well.

550
00:37:09,595 --> 00:37:19,815
Oh, nice. Nice. Some other big news happened, Avi. And I just read on MSN this morning

551
00:37:19,815 --> 00:37:24,775
that crypto lobbyists unveil Bitcoin policy think tank

552
00:37:24,775 --> 00:37:26,975
to mark India's independence day.

553
00:37:27,956 --> 00:37:30,335
Did it actually say crypto lobbyists?

554
00:37:30,495 --> 00:37:31,416
And was it actually Amazon?

555
00:37:31,416 --> 00:37:33,115
Yeah, I'm looking at it right now.

556
00:37:33,275 --> 00:37:34,416
I can put it in there.

557
00:37:34,936 --> 00:37:35,635
No, please don't.

558
00:37:37,975 --> 00:37:42,515
This is from a story by Cryptopolitan News.

559
00:37:43,175 --> 00:37:47,436
So I'm sure you've already signed up,

560
00:37:47,535 --> 00:37:49,095
subscribed to Cryptopolitan.

561
00:37:49,095 --> 00:37:50,475
news, Avi.

562
00:37:53,055 --> 00:37:55,555
But there was, you're actually quoted in this.

563
00:37:55,615 --> 00:37:56,575
So all I did was

564
00:37:56,575 --> 00:37:58,396
search

565
00:37:58,396 --> 00:38:00,275
Avi Burra

566
00:38:00,275 --> 00:38:02,876
and India

567
00:38:02,876 --> 00:38:05,595
and Bitcoin. And there it came.

568
00:38:06,416 --> 00:38:07,356
So you're quoted

569
00:38:07,356 --> 00:38:08,696
in this article, Avi.

570
00:38:10,575 --> 00:38:11,615
The point is

571
00:38:11,615 --> 00:38:13,436
you quit your fiat job and now you're

572
00:38:13,436 --> 00:38:14,575
getting quoted in

573
00:38:14,575 --> 00:38:16,896
Cryptopolitan news.

574
00:38:16,896 --> 00:38:20,675
So are you going up or down, Avi?

575
00:38:22,916 --> 00:38:23,475
Cryptopolitan.

576
00:38:23,675 --> 00:38:25,335
I've never heard of this publication.

577
00:38:25,655 --> 00:38:28,015
Maybe they mean cryptography.

578
00:38:29,295 --> 00:38:29,775
Clearly.

579
00:38:30,356 --> 00:38:30,755
Yeah, of course.

580
00:38:31,575 --> 00:38:34,315
They're enthusiasts of elliptic cryptography.

581
00:38:34,456 --> 00:38:35,475
That's where they got the name from.

582
00:38:35,735 --> 00:38:37,115
I will give them the benefit of doubt.

583
00:38:37,275 --> 00:38:44,715
Hey, but the actual cover art is the flag of India and a Bitcoin, an actual Bitcoin.

584
00:38:44,715 --> 00:38:46,595
So a tangible one.

585
00:38:46,896 --> 00:38:52,055
So there's no, if you're just looking based off of that, it's a very direct message.

586
00:38:52,995 --> 00:38:56,735
So talk about the Bitcoin Policy Institute.

587
00:38:57,515 --> 00:38:57,876
Yes.

588
00:38:57,876 --> 00:39:03,235
So just to refresh folks' memory, all for folks who are unaware of this, I was born in India.

589
00:39:03,376 --> 00:39:08,956
I spent my childhood, most of my young adulthood there before moving to the US.

590
00:39:09,155 --> 00:39:10,515
So I am Indian American.

591
00:39:10,515 --> 00:39:14,416
and one of the things,

592
00:39:14,995 --> 00:39:18,575
I've always been curious about Bitcoin adoption in India.

593
00:39:19,356 --> 00:39:21,135
Fiat Live just sucked everything out of me

594
00:39:21,135 --> 00:39:24,936
so the only thing I was able to focus on is this show

595
00:39:24,936 --> 00:39:27,535
and 24 while I was writing it

596
00:39:27,535 --> 00:39:30,275
and that's pretty much it from a Bitcoin standpoint.

597
00:39:30,515 --> 00:39:34,095
A little bit of shit posting on NOSTA every now and again

598
00:39:34,095 --> 00:39:35,936
but nothing beyond that.

599
00:39:35,936 --> 00:39:47,235
once I liberated myself from my fiat job, suddenly I had this vast green field of ideas that I could

600
00:39:47,235 --> 00:39:54,295
either create or existing ideas that I could explore. One of them was the idea of driving

601
00:39:54,295 --> 00:40:00,916
Bitcoin adoption in the country of my birth in India. So pretty much the day or two after I quit,

602
00:40:00,916 --> 00:40:17,916
I started reaching out to folks in the Indian Bitcoin scene to see if there had been any efforts underway in driving Bitcoin adoption, maybe a Bitcoin Policy Institute type idea as well.

603
00:40:19,916 --> 00:40:25,735
And, you know, there are Bitcoin grassroots efforts for Bitcoin education.

604
00:40:25,735 --> 00:40:31,976
there's BitShala and you know if uh in our layer two series QW I've had a couple of interviews

605
00:40:31,976 --> 00:40:38,335
with folks who who are part of BitShala there BitShala is this non-profit organization they've

606
00:40:38,335 --> 00:40:45,335
received grants from HRF and a few other of uh you know the the standard bitcoin donors and they're

607
00:40:45,335 --> 00:40:50,615
doing an amazing job of teaching people about bitcoin about self-custody and so on at a very

608
00:40:50,615 --> 00:40:57,995
very grassroots level. So there was that, and there have been some rumblings about we need to

609
00:40:57,995 --> 00:41:04,175
start educating politicians. There's a lot of stranded energy in India for mining. There's,

610
00:41:04,275 --> 00:41:13,535
you know, a few other areas. Obviously, QWS, as cypherpunks, or at least as people who resonate

611
00:41:13,535 --> 00:41:19,715
with the cypherpunk ethos, both you and I, right, the medium of exchange use cases,

612
00:41:19,715 --> 00:41:20,795
the closest to our hearts.

613
00:41:20,995 --> 00:41:24,335
I suspect I can speak for you when I say that as well.

614
00:41:26,115 --> 00:41:27,896
And I would love to do that.

615
00:41:28,896 --> 00:41:31,115
However, there are some unique challenges,

616
00:41:31,956 --> 00:41:34,175
primarily on the UX front.

617
00:41:35,155 --> 00:41:37,956
You know, our revolution has a bad UX, QW.

618
00:41:38,255 --> 00:41:41,195
Unfortunately, India's existing payment rails

619
00:41:41,195 --> 00:41:43,235
have an incredibly good UX.

620
00:41:43,356 --> 00:41:45,675
If you satisfy the fact that it's on fiat currency

621
00:41:45,675 --> 00:41:48,396
that's getting debased by the day,

622
00:41:48,396 --> 00:41:51,115
the UX itself is remarkable.

623
00:41:51,376 --> 00:41:54,456
You go to a coconut vendor, like a stall,

624
00:41:55,155 --> 00:41:58,155
one of those push carts in a little village

625
00:41:58,155 --> 00:42:00,956
and they have a QR code on the stall.

626
00:42:01,135 --> 00:42:05,035
All you have to do is open up one of your payment apps,

627
00:42:05,115 --> 00:42:06,575
you scan the QR code and boom,

628
00:42:06,956 --> 00:42:09,655
the rupees land in a fraction of a second.

629
00:42:09,655 --> 00:42:13,896
And all of this is possible because of a coordinated

630
00:42:13,896 --> 00:42:16,155
and centralized effort by the government of India

631
00:42:16,155 --> 00:42:22,856
to roll out these APIs as part of what they call the unified payment interface in India, the UPI.

632
00:42:23,315 --> 00:42:28,295
So it is a government initiative to create API standards

633
00:42:28,295 --> 00:42:31,735
so that private companies could then build against those standards.

634
00:42:31,735 --> 00:42:38,356
So you can think of, I don't think there's actually an analogy in the US, right?

635
00:42:38,835 --> 00:42:42,835
I don't see Washington, D.C. rolling out a centralized payment standard

636
00:42:42,835 --> 00:42:46,015
that companies like Stripe and others would build against.

637
00:42:46,155 --> 00:42:55,275
But basically what it is, is it's payment rails, completely centralized, but any private company can build an interface to those rails.

638
00:42:55,575 --> 00:43:01,456
So you can download that private company's app and it's connected to your bank account.

639
00:43:01,615 --> 00:43:07,856
Wherever you see one of these QR codes, you scan them, boom, you know, the payment happens.

640
00:43:07,856 --> 00:43:12,916
So long way of saying the UX is excellent when it comes to payments.

641
00:43:12,916 --> 00:43:23,135
So I think it will be a challenge to introduce Lightning, which arguably has a slightly worse UX just in terms of lag.

642
00:43:24,155 --> 00:43:27,075
You know, there's two or three second lag sometimes in Lightning.

643
00:43:27,275 --> 00:43:31,135
You get the occasional failed payment, right, because it is decentralized.

644
00:43:31,515 --> 00:43:33,856
And it's just hard to get right every single time.

645
00:43:34,115 --> 00:43:39,876
It's way better than Venmo and anything else that we have in the U.S., better than credit cards and so on.

646
00:43:39,876 --> 00:43:42,495
But it's not better than from a UX standpoint.

647
00:43:42,916 --> 00:43:49,535
what exists in India today. So that, while I would love to do that, I think that one

648
00:43:49,535 --> 00:43:55,675
is lowered down in the priority list. And by the way, I want to make a distinction between

649
00:43:55,675 --> 00:44:01,356
priority and importance. Something can be incredibly important from this revolution,

650
00:44:01,495 --> 00:44:08,555
from this culture standpoint. But priority means what is the easiest one we can get over the line

651
00:44:08,555 --> 00:44:09,635
to drive adoption, right?

652
00:44:09,995 --> 00:44:11,775
Just because we prioritize something

653
00:44:11,775 --> 00:44:14,615
ahead of something else

654
00:44:14,615 --> 00:44:16,715
doesn't mean it's any more or less important.

655
00:44:16,815 --> 00:44:18,035
It just means this is probably

656
00:44:18,035 --> 00:44:20,275
the lower hanging fruit to attack.

657
00:44:20,715 --> 00:44:22,595
So it's like Dave Ramsey.

658
00:44:22,735 --> 00:44:24,255
When you pay off your debt,

659
00:44:24,495 --> 00:44:25,976
you take the smallest one first,

660
00:44:26,255 --> 00:44:27,495
the debt snowball.

661
00:44:27,896 --> 00:44:29,635
It's really the priority snowball.

662
00:44:30,396 --> 00:44:30,995
Right, exactly.

663
00:44:31,896 --> 00:44:34,856
So yeah, so I've talked to a whole bunch of folks,

664
00:44:35,015 --> 00:44:36,456
understood the issues that were there,

665
00:44:36,456 --> 00:44:44,215
and then put our heads together and launched the Bitcoin Policy Institute of India.

666
00:44:44,835 --> 00:44:51,476
It was launched yesterday at 2.30 p.m. Eastern time on August 14th,

667
00:44:51,476 --> 00:44:54,376
which seems like a fairly innocuous time.

668
00:44:55,175 --> 00:44:56,795
You know, there was an article in Bitcoin magazine.

669
00:44:57,535 --> 00:45:04,595
A good friend, my good friend Frank Korva wrote that article covering this issue

670
00:45:04,595 --> 00:45:08,235
like a press release type thing.

671
00:45:10,015 --> 00:45:13,295
And 2.30 Eastern time on August 14th

672
00:45:13,295 --> 00:45:14,775
seems fairly innocuous,

673
00:45:14,995 --> 00:45:17,055
but in Indian Standard Time,

674
00:45:17,175 --> 00:45:21,635
it was the stroke of midnight on August 15th,

675
00:45:21,635 --> 00:45:24,595
which is India's Independence Day.

676
00:45:25,035 --> 00:45:29,055
So 78 or 79 years ago on August,

677
00:45:29,795 --> 00:45:30,876
or 78 years ago,

678
00:45:31,615 --> 00:45:34,416
on August 15th at the stroke of midnight

679
00:45:34,416 --> 00:45:41,495
in 1947, India gained its independence from the British Empire. And the first Prime Minister of

680
00:45:41,495 --> 00:45:49,695
India, Jawaharlal Nehru, he got up in Parliament and made a speech, again, at the stroke of midnight,

681
00:45:49,795 --> 00:45:54,916
a very famous speech, probably one of the most famous ones in recent Indian history.

682
00:45:56,075 --> 00:46:02,575
So that symbolic time was chosen to launch the Bitcoin Policy Institute India, right? On the day

683
00:46:02,575 --> 00:46:08,055
India gained its independence, we're launching this effort for India to gain its financial

684
00:46:08,055 --> 00:46:16,995
sovereignty. Independence days are big for you, Avi. That's right. It's been a theme in 2025.

685
00:46:17,936 --> 00:46:25,396
I gained my freedom from fiat and I launched with a few others, the Bitcoin Policy Institute

686
00:46:25,396 --> 00:46:31,775
of India. So just real quick on that, the five pillars that we're going to be targeting

687
00:46:31,775 --> 00:46:40,075
and again these are roughly in order of priority again i should underline priority and not importance

688
00:46:40,075 --> 00:46:46,795
right so the first is a sovereign mining initiative and we're going to work at the

689
00:46:46,795 --> 00:46:52,055
state by state level to come up with ways in which they can convert stranded energy

690
00:46:52,447 --> 00:46:55,527
essentially use that for mining.

691
00:46:55,907 --> 00:46:57,267
And here's a fun fact, QW.

692
00:46:58,747 --> 00:47:01,167
It actually blew my mind when I read this.

693
00:47:01,687 --> 00:47:03,847
The amount of stranded and wasted energy in India,

694
00:47:03,987 --> 00:47:06,427
if that was all diverted into Bitcoin mining

695
00:47:06,427 --> 00:47:08,387
in this halving epoch,

696
00:47:08,427 --> 00:47:09,707
right in the current one that we're in,

697
00:47:10,347 --> 00:47:12,767
it would result in 150,000,

698
00:47:12,987 --> 00:47:14,927
give or take, Bitcoin per year.

699
00:47:16,507 --> 00:47:18,747
That's how much is being left on the table

700
00:47:18,747 --> 00:47:19,787
in this wasted energy.

701
00:47:19,787 --> 00:47:24,707
Which happens to be your project's production goal by 2030.

702
00:47:25,307 --> 00:47:26,307
Right, yes.

703
00:47:29,067 --> 00:47:30,047
150,000.

704
00:47:30,067 --> 00:47:34,327
Per the cryptopolitan.

705
00:47:35,007 --> 00:47:36,507
I need to hear from you, Avi.

706
00:47:37,287 --> 00:47:43,127
I don't know if that's the project's goal, to get that much Bitcoin for ourselves.

707
00:47:43,207 --> 00:47:44,647
It's a non-profit, after all.

708
00:47:44,667 --> 00:47:46,187
No, yeah, of course, no.

709
00:47:46,187 --> 00:48:00,687
The goal is to be able to mobilize as much of this, right, if the TAM, right, if the total addressable market here is 150,000 Bitcoin, by the way, that will drop to 75,000, right, in a couple of years.

710
00:48:01,207 --> 00:48:05,007
And those projections are based off the current hash rate and the price.

711
00:48:05,947 --> 00:48:10,067
I mean, the difficulty, blah, blah, blah, you know.

712
00:48:10,067 --> 00:48:16,967
So it's tough to really be completely, you know, it's the goal.

713
00:48:17,607 --> 00:48:18,167
It's the goal.

714
00:48:18,607 --> 00:48:20,227
It's to lock that in.

715
00:48:20,467 --> 00:48:20,787
Yes, yes.

716
00:48:21,247 --> 00:48:24,707
Even if you did half of that, that'd be incredible, you know.

717
00:48:25,267 --> 00:48:26,227
Oh, yeah, yeah.

718
00:48:26,327 --> 00:48:28,407
It's more about pushing that.

719
00:48:28,547 --> 00:48:31,927
And then the second thing is, you know, this is a BRICS nation, right?

720
00:48:32,427 --> 00:48:33,287
Mm-hmm, that's correct.

721
00:48:33,967 --> 00:48:39,007
Yeah, so, and I don't think there's any other BRICS nations that, you know, I did notice,

722
00:48:39,007 --> 00:48:40,467
I know Russia's part of it.

723
00:48:40,527 --> 00:48:43,387
There was a lot of Bitcoin Google searches.

724
00:48:43,907 --> 00:48:48,207
I saw some statistics where Russia is really high up there.

725
00:48:48,207 --> 00:48:59,667
But I'm trying to think of other states that have countries that have any kind of Bitcoin adoption, really, especially being contrary to the U.S. dollar.

726
00:49:01,087 --> 00:49:07,447
I'm sure there are education initiatives and little cypherpunk holdouts in all of these countries, right?

727
00:49:07,447 --> 00:49:12,407
But yeah, I don't think there's any widespread adoption

728
00:49:12,407 --> 00:49:16,727
or even talk at the government level about taking this up.

729
00:49:16,827 --> 00:49:18,647
There isn't yet in India either, right?

730
00:49:19,347 --> 00:49:24,187
So this is part of that, to get that conversation going

731
00:49:24,187 --> 00:49:26,647
through data-driven research, right?

732
00:49:26,927 --> 00:49:31,547
This is not about dunking on people on X with memes

733
00:49:31,547 --> 00:49:33,567
and fun as that can be.

734
00:49:33,567 --> 00:49:41,867
this is about putting logic data evidence in front of folks saying and and this is why the

735
00:49:41,867 --> 00:49:47,027
mining thing is just is a no-brainer you go you go to a government and say look how much money

736
00:49:47,027 --> 00:49:51,787
you're leaving on the table and they're going to say oh yeah how do we get that so that's again

737
00:49:51,787 --> 00:49:57,367
just to clarify here it's such a litmus test because people are so about being green and then

738
00:49:57,367 --> 00:50:03,227
you have this option to you know stabilize your your power grid by taking excess you know you're

739
00:50:03,227 --> 00:50:09,647
going to even put power back into the grid you can take your waste or your uh your methane or your

740
00:50:09,647 --> 00:50:15,067
and turn that into there's all this stranded energy and it's like we can be producing

741
00:50:15,067 --> 00:50:25,087
i mean economically and also solving a real world problem and it's really a litmus test of

742
00:50:25,087 --> 00:50:26,487
Why aren't you doing it?

743
00:50:27,107 --> 00:50:27,227
Yeah.

744
00:50:28,027 --> 00:50:28,507
Yeah.

745
00:50:28,627 --> 00:50:46,627
And, you know, I'm sure you've heard about Bhutan, Kira Bibi, the little Himalayan nation that's essentially through mining, all their excess hydroelectric power has built up a bit on strategic reserve, which they're using to, I think they paid down a bunch of their debt.

746
00:50:46,927 --> 00:50:47,887
Oh, yeah, yeah, yeah.

747
00:50:47,907 --> 00:50:49,967
They've been the secret miners for years.

748
00:50:50,767 --> 00:50:51,207
For years.

749
00:50:51,207 --> 00:50:53,447
So Bhutan is a neighboring country of India.

750
00:50:53,447 --> 00:50:58,327
So there are a couple of states that are right there, very similar geographies, very similar.

751
00:50:58,727 --> 00:51:03,967
I think it might even be the same river that flows through, that creates all the hydroelectric power.

752
00:51:05,427 --> 00:51:07,567
So there are opportunities like that.

753
00:51:07,627 --> 00:51:15,427
There's a major sun belt in the center of the country with potential for solar, right?

754
00:51:15,487 --> 00:51:19,107
I mean, solar has its own issues, but there is that potential, right?

755
00:51:19,687 --> 00:51:21,027
There's a lot of sun there.

756
00:51:21,027 --> 00:51:24,207
so yeah I think mining is one

757
00:51:24,207 --> 00:51:26,207
I do want to clarify one thing Kirabi

758
00:51:26,207 --> 00:51:28,427
which is this Bitcoin Policy Institute

759
00:51:28,427 --> 00:51:30,167
India is a think tank right

760
00:51:30,167 --> 00:51:32,207
so we will not be doing any of these

761
00:51:32,207 --> 00:51:34,407
activities there will not be a product

762
00:51:34,407 --> 00:51:35,447
developed

763
00:51:35,447 --> 00:51:38,847
it's going to be

764
00:51:38,847 --> 00:51:40,867
research, reports

765
00:51:40,867 --> 00:51:41,547
guidance

766
00:51:41,547 --> 00:51:44,667
and education on these topics

767
00:51:44,667 --> 00:51:46,347
yeah

768
00:51:46,347 --> 00:51:47,727
like green peas

769
00:51:47,727 --> 00:51:52,007
Orange piece

770
00:51:52,007 --> 00:51:55,467
One UTXO transaction drains a swimming pool

771
00:51:55,467 --> 00:52:02,907
So sovereign mining is the first pillar we're going to tackle

772
00:52:02,907 --> 00:52:05,487
But it's also going to be policy, advocacy and research

773
00:52:05,487 --> 00:52:15,847
We will start working with both state and federal ministers, regulators, bureaucrats

774
00:52:15,847 --> 00:52:18,767
to start the education process,

775
00:52:19,007 --> 00:52:23,747
conversation around better tax treatment and so on.

776
00:52:23,887 --> 00:52:24,927
So there's that.

777
00:52:25,047 --> 00:52:27,387
There's the Strategic Reserve Initiative.

778
00:52:27,867 --> 00:52:28,767
This is the third pillar,

779
00:52:29,527 --> 00:52:31,847
which is both at the corporate level.

780
00:52:32,787 --> 00:52:35,607
And there is one company that's public in India.

781
00:52:35,707 --> 00:52:36,547
It's called Jet King.

782
00:52:36,687 --> 00:52:39,227
And they're trying to emulate the micro strategy playbook.

783
00:52:39,227 --> 00:52:43,667
But maybe our goal is to come up with a CFO playbook

784
00:52:43,667 --> 00:52:45,667
that's applicable to other such companies

785
00:52:45,667 --> 00:52:48,547
that want to go down the corporate treasury route,

786
00:52:48,547 --> 00:52:53,127
but also to the states and the federal government as well

787
00:52:53,127 --> 00:52:55,127
that might be thinking about a strategic reserve.

788
00:52:55,307 --> 00:52:57,347
I mean, we have states doing it,

789
00:52:57,407 --> 00:53:00,927
or at least attempting to do strategic reserves in the U.S.

790
00:53:01,347 --> 00:53:05,047
Did Arizona's just get vetoed recently, KW?

791
00:53:05,927 --> 00:53:08,627
Yeah, it's a joke. Yeah, it was all a joke.

792
00:53:09,427 --> 00:53:14,667
But, you know, it's similar in thinking, right?

793
00:53:14,667 --> 00:53:21,567
You can have a federal strategic reserve, which is what sort of Besant, Treasury Secretary Besant hinted at yesterday, I think.

794
00:53:22,247 --> 00:53:24,187
And then you can have the state level reserve.

795
00:53:24,187 --> 00:53:30,167
And then you can extend that to private company reserves.

796
00:53:30,407 --> 00:53:32,167
So that's the strategic reserve initiative.

797
00:53:32,527 --> 00:53:39,727
Then just the general education, grassroots efforts, working with the existing folks at Bitshala and others.

798
00:53:39,727 --> 00:53:46,807
right more public-minded education promoting financial literacy and then the last one is

799
00:53:46,807 --> 00:53:54,687
the medium of exchange which is integration with this upi the unified payments interface

800
00:53:54,687 --> 00:53:58,907
which i just mentioned earlier you know these qr codes wouldn't it be nice if he could

801
00:53:58,907 --> 00:54:05,587
now these government apis are not as far as i understand not open source uh why would they be

802
00:54:05,587 --> 00:54:06,607
their government APIs.

803
00:54:07,367 --> 00:54:11,167
But if there was a way in which we could integrate Lightning,

804
00:54:11,427 --> 00:54:13,667
so when you scan the QR code, you get two options.

805
00:54:13,767 --> 00:54:16,267
You say pay with your Fiat app or pay with Lightning.

806
00:54:17,007 --> 00:54:18,687
Wouldn't that be cool if you could do that?

807
00:54:19,367 --> 00:54:23,007
But I think that one, while I think is the big one for me,

808
00:54:23,467 --> 00:54:26,247
from an impact standpoint, from a priority standpoint,

809
00:54:26,467 --> 00:54:28,927
today I suspect it's a non-starter.

810
00:54:29,307 --> 00:54:34,147
I think we need the domino effect of the first four pillars

811
00:54:34,147 --> 00:54:37,347
to fall into place before we can even approach this conversation.

812
00:54:40,767 --> 00:54:42,707
So those are big ideas, Avi.

813
00:54:43,147 --> 00:54:49,507
And it's, do you, how big is the team, I suppose, in the institute?

814
00:54:50,247 --> 00:55:02,122
It so I the only one based in the US Everyone else but there about six or seven in the core team who actually committed time

815
00:55:02,122 --> 00:55:05,102
to building out the assets on the website,

816
00:55:05,282 --> 00:55:06,982
who are going to be working on the report.

817
00:55:07,782 --> 00:55:09,462
So our immediate next step is we're going to put out

818
00:55:09,462 --> 00:55:15,042
a mining report in the next month, let's just say, right?

819
00:55:16,542 --> 00:55:18,322
So they're going to be helping out with that.

820
00:55:18,882 --> 00:55:20,022
There's about six or seven folks.

821
00:55:20,022 --> 00:55:29,842
And then there's a much broader group of advisors and others who have been part of phone calls and who have been adding their input as well.

822
00:55:29,922 --> 00:55:33,522
I mean, that's in the 20s or maybe even up to 30 people.

823
00:55:34,122 --> 00:55:37,762
So think of it as two concentric circles as things stand.

824
00:55:38,382 --> 00:55:47,382
The core group of six or seven folks, myself included, and then the next concentric circle, next layer outside, is the advisors and the people who want this to succeed.

825
00:55:47,382 --> 00:55:51,482
but maybe can't commit as much time as some of the others are.

826
00:55:54,142 --> 00:56:00,122
So between the India series, Layer 2, Club Chain Radio,

827
00:56:00,862 --> 00:56:05,842
and now this, how much are you finding home, Avi?

828
00:56:09,522 --> 00:56:11,622
I'll have to make the show to find out, QW.

829
00:56:11,902 --> 00:56:15,502
I think this show is my journey to find my home.

830
00:56:15,502 --> 00:56:24,722
um so we'll see yeah yeah it's interesting uh and and you know july 4th of july was your

831
00:56:24,722 --> 00:56:32,922
independence day and now you're just hitting on all cylinders uh hopefully this all works out

832
00:56:32,922 --> 00:56:38,022
um yeah if only i can get paid for all of this amazing work that i'm doing you know wouldn't

833
00:56:38,022 --> 00:56:43,062
be nice it's right now it's just these are passion projects which now but but no but jokes aside

834
00:56:43,062 --> 00:56:45,602
I think this is one of the things with Bitcoin.

835
00:56:45,782 --> 00:56:48,682
I wish Bitcoin was at a million and I could have said,

836
00:56:48,802 --> 00:56:54,482
hey, now I am truly, truly, I don't need a job ever in my life.

837
00:56:54,582 --> 00:56:55,942
If Bitcoin stays above a million.

838
00:56:56,822 --> 00:56:59,722
At 100K, it's a big risk that I've taken

839
00:56:59,722 --> 00:57:03,602
and the Bitcoin will run out in the not too distant future.

840
00:57:04,522 --> 00:57:05,842
But it's still fun, man.

841
00:57:06,082 --> 00:57:11,142
It's fun doing this and we'll see how it goes.

842
00:57:13,062 --> 00:57:17,182
How many more projects can you take on right now before you leave me?

843
00:57:21,202 --> 00:57:23,322
So I'll answer the first part of the question.

844
00:57:23,482 --> 00:57:29,102
The second part is I probably have another one or two in me.

845
00:57:29,202 --> 00:57:32,462
Now, it's got to be something that truly, oh, there's Nosfabrica.

846
00:57:32,682 --> 00:57:33,822
Let's not forget Nosfabrica.

847
00:57:34,682 --> 00:57:39,122
My healthcare or NOSTA thing, that's still active and going.

848
00:57:39,682 --> 00:57:40,862
So I've still got that one.

849
00:57:40,862 --> 00:57:42,082
but

850
00:57:42,082 --> 00:57:46,662
yeah I think I still have

851
00:57:46,662 --> 00:57:48,362
two more in the tank

852
00:57:48,362 --> 00:57:50,722
if they do come by, if they resonate

853
00:57:50,722 --> 00:57:51,482
and they're meaningful

854
00:57:51,482 --> 00:57:53,282
wow

855
00:57:53,282 --> 00:57:56,822
that's incredible man

856
00:57:56,822 --> 00:57:58,722
my biggest update

857
00:57:58,722 --> 00:58:00,962
yeah let's talk about you

858
00:58:00,962 --> 00:58:02,362
I started building out

859
00:58:02,362 --> 00:58:05,042
this cabinet around my

860
00:58:05,042 --> 00:58:07,142
refrigerator and I found

861
00:58:07,142 --> 00:58:07,862
out what a

862
00:58:07,862 --> 00:58:10,702
basically

863
00:58:10,702 --> 00:58:18,442
using a, not a table saw, but a, I can't even think of the name of it anymore. But that's,

864
00:58:18,522 --> 00:58:22,722
that's what I'm doing. I got a two and a half year old. I'm trying to do woodworking while he

865
00:58:22,722 --> 00:58:29,922
takes naps, which doesn't work. I'm congregating a community for the Alliance so we can do

866
00:58:29,922 --> 00:58:36,842
BIDACs, you know, solo miners that actually come together and create a community of learning,

867
00:58:36,842 --> 00:58:44,082
having fun. But yeah, I mean, really, I'm just kind of the average Joe right now.

868
00:58:44,582 --> 00:58:49,842
Currently, family business. I'm in the process of kind of migrating to

869
00:58:50,602 --> 00:59:00,362
take it on fully. So there's a lot of hats I wear. And I guess I'm just your blue collar

870
00:59:00,362 --> 00:59:02,622
podcaster right now.

871
00:59:03,022 --> 00:59:04,042
Now, hold on, QW.

872
00:59:04,182 --> 00:59:06,402
So you've been involved

873
00:59:06,402 --> 00:59:08,282
or you've been getting involved quite a bit

874
00:59:08,282 --> 00:59:10,562
on two fronts on the Bitcoin side, right?

875
00:59:10,582 --> 00:59:11,662
And you've been doing a lot of work.

876
00:59:11,762 --> 00:59:14,222
One is on the, let's just call it

877
00:59:14,222 --> 00:59:16,122
the sovereign mining, sovereign hashing,

878
00:59:16,722 --> 00:59:18,182
right, at the individual level.

879
00:59:18,462 --> 00:59:19,802
And then, and then,

880
00:59:19,982 --> 00:59:21,582
and you've been digging in quite a bit

881
00:59:21,582 --> 00:59:23,002
on the privacy side.

882
00:59:23,202 --> 00:59:24,822
So why don't you talk about,

883
00:59:25,382 --> 00:59:27,662
maybe we start with all the work you're doing

884
00:59:27,662 --> 00:59:29,982
on the Bitax and on the Wrigley side.

885
00:59:29,982 --> 00:59:31,202
and then we can move to the privacy.

886
00:59:32,002 --> 00:59:34,542
Yeah, so it all started with one.

887
00:59:34,542 --> 00:59:37,082
I think anybody that gets a bid axe,

888
00:59:38,122 --> 00:59:43,322
it's something that mining has always been out of touch.

889
00:59:43,462 --> 00:59:44,742
It's always been something like,

890
00:59:44,842 --> 00:59:47,262
if I was doing this 10 years ago, it would make sense.

891
00:59:48,122 --> 00:59:49,422
You get an ASIC,

892
00:59:49,782 --> 00:59:52,022
and once they switched over to ASIC mining,

893
00:59:52,642 --> 00:59:54,162
everything's loud, it's hot.

894
00:59:54,522 --> 00:59:57,502
It's not something you would just have at your home

895
00:59:57,502 --> 01:00:00,102
with a toddler sleeping in the next room.

896
01:00:00,422 --> 01:00:03,462
So really what the game changer for me was,

897
01:00:03,462 --> 01:00:08,842
was these silent, you know, 10, 1.2, 1.5 terahash,

898
01:00:08,962 --> 01:00:10,562
just silent little hashers.

899
01:00:10,822 --> 01:00:13,102
But the process of setting it up,

900
01:00:13,422 --> 01:00:14,642
actually choosing your pool,

901
01:00:15,322 --> 01:00:18,082
understanding your, you know, your joules per terahash,

902
01:00:18,242 --> 01:00:21,042
your terahash, the different speeds

903
01:00:21,042 --> 01:00:22,522
or the different hash rates.

904
01:00:23,402 --> 01:00:26,402
It's just really neat to actually learn more about it.

905
01:00:26,402 --> 01:00:32,642
Just like when you first did your first transaction sending to a cold storage wallet, you start to understand, oh, wow, that's neat.

906
01:00:32,702 --> 01:00:33,902
Or you set up your node.

907
01:00:34,782 --> 01:00:38,822
These are all votes in the network, and you can participate in it.

908
01:00:38,822 --> 01:00:47,242
When we look at that 51% attack on Monero, and maybe that was testing or maybe it wasn't a 51% attack.

909
01:00:47,502 --> 01:00:47,782
I don't know.

910
01:00:47,822 --> 01:00:50,082
I've seen multiple different ideas on it.

911
01:00:50,122 --> 01:00:55,662
But the fact that people can sit back and be complacent in a way is very compliant.

912
01:00:55,662 --> 01:01:11,122
So if you're not putting your vote out there in the network using a miner, running a node and choosing your core, nots, or maybe you want to run your own instance of Bitcoin core, these are ways you can participate, but no one does.

913
01:01:11,122 --> 01:01:17,842
They'll just keep their money on Coinbase or they'll just float it around, whatever.

914
01:01:19,602 --> 01:01:21,402
That's not going to protect the network.

915
01:01:21,542 --> 01:01:24,042
That's not going to protect Bitcoin in the future.

916
01:01:24,042 --> 01:01:29,402
and the more we can participate or find little ways that, you know, the little average Joe can

917
01:01:29,402 --> 01:01:36,422
participate. That's what's important to me. And I think, you know, when I look at the long-term

918
01:01:36,422 --> 01:01:41,682
of it, when I see the cost of energy, when I think about the next halving going to one point,

919
01:01:42,222 --> 01:01:50,182
you know, to whatever the hell 3.125 divided by two is, there's a lot of pain involved for the

920
01:01:50,182 --> 01:01:55,942
future of centralized mining. And what that does is create an opportunity for these little guys to,

921
01:01:56,622 --> 01:02:02,282
you know, your vote gets more and more powerful over time because we essentially have nothing to

922
01:02:02,282 --> 01:02:07,762
lose. When I say nothing to lose, it's the cost of a light bulb. It's buying a bid axe for $90.

923
01:02:08,482 --> 01:02:11,842
You know, you can get them for even cheaper than that. It doesn't necessarily have to be a bid axe

924
01:02:11,842 --> 01:02:16,962
either, but you're casting your vote. You have nothing to lose besides the cost of a light bulb.

925
01:02:16,962 --> 01:02:20,222
and you're going up against these centralized forces

926
01:02:20,222 --> 01:02:22,182
that have a lot to lose.

927
01:02:22,362 --> 01:02:23,922
They're worried about the next halving.

928
01:02:24,102 --> 01:02:27,562
They're worried about the kilowatt hour price.

929
01:02:28,282 --> 01:02:30,482
They're worried about their local jurisdictions,

930
01:02:31,042 --> 01:02:34,882
whatever might change the shift, their future.

931
01:02:35,262 --> 01:02:37,662
They're worried about their stockholders, their shareholders.

932
01:02:38,662 --> 01:02:42,662
And all these things that come with that conglomerate

933
01:02:42,662 --> 01:02:45,322
is something that Bitcoin is beautiful about

934
01:02:45,322 --> 01:02:49,762
because we can just be decentralized and hash away.

935
01:02:50,002 --> 01:02:52,662
And I think there's something very powerful the same way

936
01:02:53,222 --> 01:03:03,518
when I started running a bit axe was the same way I felt when I started running a node And it very possible for anybody to do it now And I want to share that I want to share that feeling

937
01:03:03,678 --> 01:03:05,358
I want to be part of the community.

938
01:03:05,578 --> 01:03:06,918
I want to help people do it.

939
01:03:07,418 --> 01:03:11,158
And that's just, I think it's a very pure stance.

940
01:03:11,518 --> 01:03:13,298
And it's very principled.

941
01:03:14,058 --> 01:03:18,918
You know, one of the things you do really well, KW, is you rally the troops, right?

942
01:03:18,918 --> 01:03:20,918
You've shown this with the Zapathon.

943
01:03:21,118 --> 01:03:22,938
You've shown this with, actually, before the Zapathon.

944
01:03:23,038 --> 01:03:25,938
with the blockchain hashtag on Noster.

945
01:03:26,098 --> 01:03:28,198
And I think you're taking that skill

946
01:03:28,198 --> 01:03:32,758
and applying it to these Bitax folks

947
01:03:32,758 --> 01:03:37,898
who might otherwise have just been pieces of driftwood

948
01:03:37,898 --> 01:03:39,978
doing their own thing,

949
01:03:40,098 --> 01:03:41,338
but you're sort of bringing them together.

950
01:03:41,698 --> 01:03:43,898
You're bringing these hashes on Wrigley together.

951
01:03:43,898 --> 01:03:49,198
Maybe they don't want to have a Bitax,

952
01:03:49,198 --> 01:03:55,678
but they're willing to buy hash from a farm somewhere in Africa, for instance.

953
01:03:55,938 --> 01:03:58,618
We're currently, like if we look at our pool right now,

954
01:03:58,658 --> 01:04:04,218
we're about 125 workers and almost 500, around 500 terahash.

955
01:04:05,418 --> 01:04:08,097
And these are all just regular people.

956
01:04:08,718 --> 01:04:12,278
We have a telegram group that has over 300 people in it now.

957
01:04:12,638 --> 01:04:13,638
This was nothing.

958
01:04:14,218 --> 01:04:16,538
There was like, you know, there was nothing.

959
01:04:16,538 --> 01:04:24,058
when it wasn't a block party, it was nothing. It was very minimal in this pool. So creating this

960
01:04:24,058 --> 01:04:28,858
environment where number one, so if you have a bid X and you just joined public pool, which is

961
01:04:28,858 --> 01:04:34,138
your standard solo mining pool that kind of comes with the bid X, you put it in your corner, it's a

962
01:04:34,138 --> 01:04:38,758
talking piece. And, you know, Avi, you would put one up and you just have it in the corner. What's

963
01:04:38,758 --> 01:04:44,678
that? Oh, it's a mining Bitcoin. Well, how much you making? And you're like, really, that's all it

964
01:04:44,678 --> 01:04:50,458
is. It's just a talking piece. And you have your lotto. But when you can actually communicate and

965
01:04:50,458 --> 01:04:58,398
put this into a bigger group, we have our bounty rules. We have our bounty. So when it's not a

966
01:04:58,398 --> 01:05:04,798
block party, whoever finds in this pool, whoever finds the Bitcoin or solves it, gets one Bitcoin.

967
01:05:04,938 --> 01:05:10,878
The rest is spread out with the pool. Never found one yet. We will one day, hopefully. But

968
01:05:10,878 --> 01:05:17,238
you know, that's cool. So that bounty area is neat. The community is neat. But then you have

969
01:05:17,238 --> 01:05:24,658
that every second Saturday or twice, you know, basically every second Saturday, we have the

970
01:05:24,658 --> 01:05:33,978
block party, which surges a hash rate into the pool for like six hours. So it kind of gamifies

971
01:05:33,978 --> 01:05:39,818
mining. So it makes it fun. You can update your rigs and you, you know, get ready for the next

972
01:05:39,818 --> 01:05:48,498
block party. But it really draws in the community. And the thing is, we're all just plebs. It's not

973
01:05:48,498 --> 01:05:54,418
like a bunch of people with heavy jargon. You know, we're trying to help everyone. We're trying

974
01:05:54,418 --> 01:06:00,938
to get people onto the pool. And, you know, we share pictures. We share updates on what we're

975
01:06:00,938 --> 01:06:06,858
finding out. We're calibrating our devices. We're just really learning through experience on

976
01:06:06,858 --> 01:06:18,298
And not your freaking ASIC farm type of learning, but your bid acts or whatever solo mining you're doing.

977
01:06:18,638 --> 01:06:19,298
So I don't know.

978
01:06:19,818 --> 01:06:20,738
That's really it.

979
01:06:20,738 --> 01:06:21,798
I'm kind of ranting about it.

980
01:06:21,878 --> 01:06:23,558
But it is neat.

981
01:06:23,558 --> 01:06:29,738
And I think it was definitely a moment where you're like, wow, I never knew this.

982
01:06:29,738 --> 01:06:33,938
and I can actually take part in this dark side of Bitcoin

983
01:06:33,938 --> 01:06:37,138
that seemed like it was always for corporations at this point.

984
01:06:37,918 --> 01:06:43,438
And a lot of these folks seem like diehard radicals,

985
01:06:43,498 --> 01:06:46,178
but I mean that in a good way,

986
01:06:46,178 --> 01:06:49,478
but they just seem pretty hardcore folks

987
01:06:49,478 --> 01:06:50,758
when it comes to these things, right?

988
01:06:51,078 --> 01:06:54,318
It does tend to gravitate the BitX community,

989
01:06:54,638 --> 01:06:57,958
especially both because it started really on Noster,

990
01:06:57,958 --> 01:07:04,458
but we definitely get some pretty good hardcore cypherpunk type minds

991
01:07:04,458 --> 01:07:06,858
and people that actually care about Bitcoin.

992
01:07:07,438 --> 01:07:08,898
It's never really number go up.

993
01:07:09,158 --> 01:07:14,337
Really blockchain radio style culture that we try to gravitate to.

994
01:07:14,878 --> 01:07:19,998
I do say CryptoCloaks, our buddy Rick, he created that alliance stand

995
01:07:19,998 --> 01:07:27,658
and now he's actually laser engraving onto BitX motherboards.

996
01:07:27,958 --> 01:07:35,078
uh, the Alliance grows stronger. Uh, he's, he's, he's, he's going above and beyond, uh, for the

997
01:07:35,078 --> 01:07:39,878
community because he's like, this is a great community. I really want to do things for it.

998
01:07:40,258 --> 01:07:46,718
Um, but he's doing a bit X get a giveaway today on X. It was an Alliance bit X. It says Alliance

999
01:07:46,718 --> 01:07:52,018
grows stronger right on the motherboard. Uh, it's a really sweet unit. And he's, he's doing a

1000
01:07:52,018 --> 01:07:57,718
giveaway today and thank you, Rick, because you didn't have to do it. No one asked you to do it.

1001
01:07:57,958 --> 01:08:12,358
He just been a freaking monster. And you know, Avi, there's something funny about that, too, because Rick is kind of at odds with the OSMU, the open source mining at this point.

1002
01:08:12,398 --> 01:08:15,918
He just got removed from the approved vendor list.

1003
01:08:16,778 --> 01:08:17,658
Why is that?

1004
01:08:17,658 --> 01:08:37,718
Well, he's been calling it out. So essentially, if you buy a bid X, there's like a, I don't know if it's 10%, 20% fee that goes towards open source mining, this OSMU. And, you know, they're calling it a donation, but if it's mandatory, isn't it a fee?

1005
01:08:37,718 --> 01:08:44,378
so that whole deal is uh is something that he calls out and uh you know just like anything

1006
01:08:44,378 --> 01:08:50,398
if you call something out maybe you're not on the good side but uh that's that's a whole story in

1007
01:08:50,398 --> 01:08:55,378
itself and i don't think he'll really get on to talk about it either but it's pretty much open

1008
01:08:55,378 --> 01:09:01,998
you can see on x between um on the twitter side because twitter's all about arguing these days

1009
01:09:01,998 --> 01:09:09,558
I'm sure. But you can see some open discussion about why he was removed from the approved vendors.

1010
01:09:09,978 --> 01:09:15,978
But you know what? BidX is an open source project and there's no stopping it essentially. So,

1011
01:09:16,638 --> 01:09:21,138
you know, you can be approved vendor, but to me, that's just a slap in a Better Business Bureau

1012
01:09:21,138 --> 01:09:29,178
sticker, you know, on your website. And, you know, people love us on Yelp type of thing.

1013
01:09:29,178 --> 01:09:37,198
it's just it's it's kind of meaningless that's great and qw before we wrap this up there's one

1014
01:09:37,198 --> 01:09:43,118
other area right i mentioned it that you are you've been focused on quite a bit and you you're

1015
01:09:43,118 --> 01:09:49,597
trying to spread the word about is the privacy side so do you want to talk about that yeah well

1016
01:09:49,597 --> 01:09:55,498
i mean if we have microphones obby um you know we we should i i and i've been mentioning to you

1017
01:09:55,498 --> 01:09:59,038
We should probably talk about it more, focus on it more.

1018
01:09:59,337 --> 01:10:03,738
I'm not some privacy guru, but it means so much to me.

1019
01:10:04,458 --> 01:10:07,478
I've had my identity stolen.

1020
01:10:07,678 --> 01:10:15,638
I've had my, you know, get the credit card in the mail that says your name on it, but you never actually signed up for it.

1021
01:10:16,018 --> 01:10:22,278
During COVID, someone was taking out unemployment for my name.

1022
01:10:22,278 --> 01:10:29,278
you know there's just I've just been so compromised and all I see looking forward is more and more

1023
01:10:29,278 --> 01:10:36,218
rights being stripped I look at you know I mean really anything other everything wants KYC everything

1024
01:10:36,218 --> 01:10:41,918
wants to the road isn't getting any better and I've already seen the road behind me and it was

1025
01:10:41,918 --> 01:10:47,978
shit so it's something where like where does it end does anybody care I mean have you spent hours

1026
01:10:47,978 --> 01:10:54,398
and hours and hours trying to fight something, uh, that you didn't apply for.

1027
01:10:54,398 --> 01:11:09,173
So like it it it just it eats away at you and I see it in the future and it going to eat away at my son and I feel like we should just shine lights on it I want to do more and more privacy conversations

1028
01:11:10,093 --> 01:11:10,893
And you know what?

1029
01:11:10,993 --> 01:11:20,793
It needs to be a roadmap like I did with Ghost, where it's just like a roadmap for simple people, simple things you can do to kind of protect yourself.

1030
01:11:21,373 --> 01:11:23,453
And I want to learn more about that.

1031
01:11:23,453 --> 01:11:34,753
One of the big reasons I got into Bitcoin and really stuck was the cypherpunk movement and separating money from state and privacy as a human right.

1032
01:11:35,193 --> 01:11:37,733
All those things that really hits home to me.

1033
01:11:38,013 --> 01:11:39,413
So I don't know.

1034
01:11:39,633 --> 01:11:40,733
How can I contribute?

1035
01:11:40,953 --> 01:11:42,453
How can I take my community building?

1036
01:11:43,093 --> 01:11:51,573
Some of the things I've done in the past, whether it's PubChain, Zapathon or even this alliance, even Nostra PHX and Culture Shock.

1037
01:11:51,573 --> 01:11:54,633
I mean, how can I apply that to privacy?

1038
01:11:55,573 --> 01:12:00,333
Because privacy is another odd one that you try to bring to your local conversation.

1039
01:12:00,693 --> 01:12:03,973
And it's just not normie friendly, right?

1040
01:12:05,353 --> 01:12:07,533
Well, you've got to show up in a mask, right?

1041
01:12:07,893 --> 01:12:09,353
You've got to practice what you preach.

1042
01:12:09,953 --> 01:12:11,253
Well, that's it, right?

1043
01:12:11,373 --> 01:12:18,293
So, you know, you've got to be a privacy advocate with your mask off because you've got to vlog about it.

1044
01:12:18,293 --> 01:12:21,793
Privacy vlogs

1045
01:12:21,793 --> 01:12:25,673
That is what will lead to hyper-nostrification

1046
01:12:25,673 --> 01:12:26,133
QW

1047
01:12:26,133 --> 01:12:30,033
Yeah, but I think one of our shows

1048
01:12:30,033 --> 01:12:30,973
With Max Hillebrand

1049
01:12:30,973 --> 01:12:33,413
The one we did with him

1050
01:12:33,413 --> 01:12:35,153
Was very revealing to me

1051
01:12:35,153 --> 01:12:36,593
As far as getting lost in the crowd

1052
01:12:36,593 --> 01:12:37,693
It's stuck with me

1053
01:12:37,693 --> 01:12:40,513
So it's kind of meshing today's world

1054
01:12:40,513 --> 01:12:41,493
With privacy

1055
01:12:41,493 --> 01:12:43,573
Not being in the bunker

1056
01:12:43,573 --> 01:12:44,973
But being open

1057
01:12:44,973 --> 01:12:48,193
But also decentralizing the things you do

1058
01:12:48,193 --> 01:12:54,753
to compartmentalize, which spreading your privacy around, I suppose, to make it harder to

1059
01:12:54,753 --> 01:13:01,993
attain. But yeah, it's kind of scary when you think about how much you try to protect your

1060
01:13:01,993 --> 01:13:07,473
privacy and how much big tech wants more and more information from you. So it's just,

1061
01:13:07,853 --> 01:13:13,493
and there's zero liability. You know, I talk about that Waymo that almost ran me off the road and

1062
01:13:13,493 --> 01:13:17,393
you call the phone call, you call Waymo and it's just a robot.

1063
01:13:18,293 --> 01:13:20,213
That's what the future is going to be.

1064
01:13:20,213 --> 01:13:24,333
You get your identity jacked and your money's gone

1065
01:13:24,333 --> 01:13:27,353
and you call a number and it's a robot.

1066
01:13:28,293 --> 01:13:32,533
So it seems like humans are, you know,

1067
01:13:32,593 --> 01:13:34,693
being a human right is important

1068
01:13:34,693 --> 01:13:37,133
and I think we're getting trampled at this point.

1069
01:13:39,573 --> 01:13:42,393
Are these privacy shows that you're planning to do,

1070
01:13:42,393 --> 01:13:44,053
are they going to be uplifting?

1071
01:13:44,333 --> 01:13:45,873
Because if I remember correctly,

1072
01:13:46,153 --> 01:13:47,633
we've had about seven or eight.

1073
01:13:48,233 --> 01:13:49,813
And I know you had the one with Ghost,

1074
01:13:49,913 --> 01:13:51,453
which you did in layer two.

1075
01:13:51,593 --> 01:13:52,913
But outside of that,

1076
01:13:53,353 --> 01:13:55,733
we've had about, I would say five, six,

1077
01:13:55,953 --> 01:13:58,693
maybe seven, eight privacy focus shows.

1078
01:13:59,133 --> 01:14:00,833
And I think every single one of them,

1079
01:14:00,913 --> 01:14:03,733
we came out of it feeling utterly depressed,

1080
01:14:04,273 --> 01:14:05,893
saying we're screwed.

1081
01:14:06,693 --> 01:14:09,353
Well, and I think that's where that loss in the crowd comes.

1082
01:14:09,673 --> 01:14:11,053
Because if you can,

1083
01:14:11,053 --> 01:14:18,853
And just like this, Avi, I already know Bitcoin's going to go up over time, so I don't care about price.

1084
01:14:19,293 --> 01:14:22,633
When people say, oh, all-time high, I'm like, well, it's always going to go up.

1085
01:14:22,713 --> 01:14:28,373
So if I can remove that portion of the emotions of that, and I focus on what I can actually do in Bitcoin,

1086
01:14:28,973 --> 01:14:33,393
what I can touch, what I can affect, who I conversate with, spreading the good word,

1087
01:14:33,973 --> 01:14:37,513
we know privacy is going to keep getting stripped, stripped, stripped.

1088
01:14:37,693 --> 01:14:40,253
So take that emotion out so it's not depressing.

1089
01:14:40,253 --> 01:14:44,093
What can you actually do to fix what's going on around you right now?

1090
01:14:44,433 --> 01:14:50,453
And I think that's really the ultimate approach with any of this is focusing on what you can do.

1091
01:14:51,153 --> 01:14:53,433
And it doesn't have to be complicated.

1092
01:14:54,133 --> 01:14:59,633
So, you know, understand, you know, have a conversation about truly the privacy is getting stripped.

1093
01:15:00,393 --> 01:15:06,233
You know, what's going on in the world, the projections, you know, AI and whatever is going to happen.

1094
01:15:06,233 --> 01:15:10,813
But what can we do, you know, to kind of counter that?

1095
01:15:11,213 --> 01:15:13,653
And it is what it is, you know.

1096
01:15:17,173 --> 01:15:17,613
Indeed.

1097
01:15:19,253 --> 01:15:22,453
Anything else, QW, that we haven't talked about?

1098
01:15:23,153 --> 01:15:25,333
Look, we've made it to an hour and 15 minutes.

1099
01:15:25,793 --> 01:15:27,993
An hour and 15 minutes, no guests, no sermon.

1100
01:15:28,793 --> 01:15:30,413
You know, I'm ready to go.

1101
01:15:30,413 --> 01:15:36,413
And I thought you were going to read the first 300 pages of July 24th.

1102
01:15:36,953 --> 01:15:37,773
July 18.

1103
01:15:38,613 --> 01:15:39,453
July 18.

1104
01:15:41,713 --> 01:15:43,133
I'll get it once it's, yeah.

1105
01:15:43,193 --> 01:15:45,993
I mean, hey, Avi, you haven't even sent this to the editor

1106
01:15:45,993 --> 01:15:48,693
to see if that cover's acceptable, right?

1107
01:15:49,153 --> 01:15:50,893
You might have to change it.

1108
01:15:51,513 --> 01:15:52,253
We'll see.

1109
01:15:52,333 --> 01:15:54,293
It'll be Juneteenth by the time you're done.

1110
01:15:54,293 --> 01:16:02,153
and bitcoin replaced with a with a green version xrc

1111
01:16:02,153 --> 01:16:10,713
yeah and only then uh will be it will be next netflix worthy you know

1112
01:16:10,713 --> 01:16:19,673
uh but no that's it um it was a i i kind of like shows like this i mean kind of the state of the

1113
01:16:19,673 --> 01:16:24,253
union um but you've had a lot going on and i've been interested in and you know it's funny

1114
01:16:24,253 --> 01:16:29,493
because I have to hear from the, let's see the name of it again,

1115
01:16:30,053 --> 01:16:33,213
the Cryptopolitan, what Avi's been up to, you know,

1116
01:16:33,313 --> 01:16:34,933
and we do this show every week.

1117
01:16:35,473 --> 01:16:43,733
So it just kind of goes to show that we live far away

1118
01:16:43,733 --> 01:16:45,573
and we're on different time zones.

1119
01:16:45,813 --> 01:16:49,113
And sometimes the only time we actually talk is during the show.

1120
01:16:49,213 --> 01:16:50,133
And I think that's pretty cool.

1121
01:16:50,833 --> 01:16:53,733
And we live our own rich, rewarding lives.

1122
01:16:53,733 --> 01:16:58,953
And when we do talk to you in the show, we're talking to someone else about the rich, rewarding things that they're doing.

1123
01:16:59,333 --> 01:17:07,473
So I think it's good that maybe once every few months we have this sort of reflection on what's happened.

1124
01:17:07,973 --> 01:17:13,353
Yeah. Well, I tell you, another big thing coming up, Avi, it's a big, big, big thing in our world.

1125
01:17:14,173 --> 01:17:20,833
My son's doing soccer. So if you've ever seen football in your world.

1126
01:17:20,833 --> 01:17:26,973
But if you've ever seen two-and-a-half-year-olds run around chasing a ball, I'm really looking forward to this one.

1127
01:17:27,753 --> 01:17:28,353
Oh, yeah.

1128
01:17:29,733 --> 01:17:30,673
It'll be fun.

1129
01:17:33,073 --> 01:17:36,193
But, yeah, that's where my world is right now.

1130
01:17:36,273 --> 01:17:37,853
That's my risk assessment.

1131
01:17:38,313 --> 01:17:39,433
I'm going to grind.

1132
01:17:40,953 --> 01:17:44,193
I'm a slave in many ways right now.

1133
01:17:44,593 --> 01:17:45,073
So that's it.

1134
01:17:47,613 --> 01:17:48,333
All right.

1135
01:17:48,373 --> 01:17:48,593
Good.

1136
01:17:48,593 --> 01:17:49,153
Yeah.

1137
01:17:49,153 --> 01:17:49,293
Yeah.

1138
01:17:50,973 --> 01:17:54,033
Well, folks, thank you for listening to, again,

1139
01:17:54,493 --> 01:17:57,233
two dudes, two middle-aged dudes with an acute case

1140
01:17:57,233 --> 01:17:59,133
of the Dunning-Kruger effect,

1141
01:17:59,333 --> 01:18:02,373
Pratt-Lawn about life, the universe, and everything.

1142
01:18:02,933 --> 01:18:04,633
I hope this was enjoyable to you.

1143
01:18:05,193 --> 01:18:06,773
QW, any last words?

1144
01:18:07,833 --> 01:18:09,613
Yeah, you think it was enjoyable, Avi?

1145
01:18:10,013 --> 01:18:12,993
I mean, we did, it's really us talking about it.

1146
01:18:12,993 --> 01:18:15,493
I'd be interested, because the last time we did

1147
01:18:15,493 --> 01:18:18,553
two dudes with acute case, it did really well.

1148
01:18:18,553 --> 01:18:19,573
The show is really good.

1149
01:18:19,953 --> 01:18:22,313
It's actually one of our most watched shows.

1150
01:18:23,013 --> 01:18:23,293
Yeah.

1151
01:18:23,453 --> 01:18:30,253
We're over here stressing about who's the guest going to be and all those different things you think about week over week and time zones.

1152
01:18:30,493 --> 01:18:35,453
And what if the most popular thing is the easiest thing?

1153
01:18:36,033 --> 01:18:38,853
So that might be something to think about.

1154
01:18:38,933 --> 01:18:40,233
But no, that's all.

1155
01:18:40,493 --> 01:18:44,293
I'm interested to see if this show does numbers.

1156
01:18:44,893 --> 01:18:47,413
But thank you for tuning in to Pleb Chain Radio.

1157
01:18:47,413 --> 01:18:50,573
if you appreciate it as much as we appreciate you

1158
01:18:50,573 --> 01:18:52,193
listen on Fountain App

1159
01:18:52,193 --> 01:18:54,133
and consider hitting the subscribe button

1160
01:18:54,133 --> 01:18:56,193
until next week

1161
01:18:56,193 --> 01:18:57,433
gentle plebs, farewell

1162
01:18:57,433 --> 01:18:59,413
goodbye
