Just Accept Bitcoin! With Lando Rothbardian - Bitcoin Infinity Show #134

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Welcome to the Bitcoin Infinity Show,
brought to you by BitBox Stampseed,

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the Bitcoin Advisor and ShopInBit.

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Go to BitcoinInfinity.com
for books, merch and more.

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Enjoy the conversation.

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Lando, welcome to the
Bitcoin Infinity Show.

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Thank you for joining us.

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Thank you for inviting me.

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I've been a big fan of you both
for a while, even when it was still

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called Freedom Footprint Show,
which I think is the better name,

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but we can get into that later.

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I mean, we get that a lot, that, uh,
uh, Freedom Footprint is a better

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name, and I would just like to publicly
announce that you can call this show

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Freedom Footprint Show if you want.

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Like, there is nothing stopping you.

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We are freedom lovers.

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Call it whatever you want.

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Like, you can call it the Luke and Knut
show, or the, you know, Tim and Erik

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show, just, just to confuse people.

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Call it what you want.

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Anyway, welcome to the freedom forever,
infinity footprint show, whatever show.

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I think that would also work.

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Freedom Infinity Show.

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So, um, from here on out
until the end of time.

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We'll try to live in freedom.

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So that's like, uh, let's
have a new moral bar, right?

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So let's start with that.

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Absolutely, infinite footprint show sounds
a bit Too much like Dinosaur Show, like I

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just imagined a giant ginormous footprint.

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Anyway, we are longtime fans
of yours, because you are not

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just a talker, but a doer.

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You've been walking the walk when it
comes to enabling freedom technologies

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and providing freedom tools to people.

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via your fantastic website, ShopInBit.

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So, can you give us a TLDR on Lando
Rothbardian, where you got that

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lovely surname from, and all of that.

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And also a short introduction to
ShopInBit and how ShopInBit came to be.

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And, uh, yeah, we'll deep dive
into sub caverns of this specific

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rabbit hole later in the show.

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Sure.

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Sure.

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So I think I'll start with my name
because, um, I think it's important that

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you, like, choose a name for yourself
when you reach a certain age, I would

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guess, like, like, like in the, in the
former times you had like these right

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of passages, et cetera, but your, and
your parents gave you your real name.

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So my real name is Lawrence, right?

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But I chose Lander of Bardian because
I wanted to convey two things about me.

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So people who are in the know, right,
who know a bit about Austrian economics

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already know what I'm about, right?

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So of course, Lando Calrissian
is this fictitious Star Wars

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character and he is the only
entrepreneur in the original saga.

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So, um, that is my first focus,
like being a businessman.

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And my second focus is anarcho capitalism,
where my last name comes in, Rothbardian,

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so because I'm a fan of Mary Rothbard, I
thought combining Lando Calrissian with

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Mary Rothbard equals Lando Rothbardian.

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And it sounds cool.

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So that's a bonus.

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Sounds super cool, and like, the opposite
would be Darth Marx or something,

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Exactly, exactly.

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Darth Marx with his co
conspirator, Darth Engels, right?

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The rule of two is still
in full effect, right?

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Um, yeah.

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And so since I'm a very business focused
person, or rather I chose This role for me

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in 2018, because I've been in the Bitcoin
game since 2011 actually, and I have done

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nothing like in the uh, years leading
up to the creation of Shop and Bid.

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I was just.

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Stacking some coins, spending them on
way too expensive thinners and hindsight,

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of course, but, um, yeah, so in 2018,
after experiencing 110 degrees Celsius

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on my lovely AMD graphics card, I thought
I should just go on the internet and

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buy a graphics card with my hard earned
peer to peer electronic cash money.

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And that shouldn't be so problematic to
do it directly, but it turned out that

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it was actually quite difficult because
the only option I had at the time was

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either using vouchers and I thought
vouchers were a bit too expensive.

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Cheaty, I would say, um, because
I think it's called peer to

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peer currency for a reason.

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So it should work peer to peer, right?

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And then I found this one little store
in Germany that actually offered to,

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um, ship graphics cards for Bitcoin.

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But then it's turned out that they were
giving the bit pay fee of 1 percent

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directly to me as a little bonus.

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So I was supposed to pay.

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1 percent extra.

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And this sounds like it's super nitpicky,
but in Germany it's not allowed that you

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pass on the payment processing fees to the
customers as an extra price point, right?

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So you know that every retailer and
e commerce store on the internet in

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Germany calculates all the prices
with the fees already included.

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End.

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When you know that paypal takes starting
from 3 percent and more, then it doesn't

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make sense that the seller would charge
1 percent extra only for Bitcoin payments

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and not for other types of payments.

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And that got me so furious.

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Like, I think for two to three
months I was not able to sleep

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because I was like, it's, it's 2018.

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It's been seven years FURIOUS Since
you've gone down this rabbit hole, and

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you're literally not one step forward.

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I actually made two steps back, right?

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And then I had this magnificent
idea like in April of 2018.

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Okay, you know what?

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Why don't you just do it yourself?

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It can't be that hard to sell products
on the internet with a profit, right?

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How hard can it be?

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Spoiler alert, super hard because
retail is like a super difficult

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business, especially if you
want to go into electronics.

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So I've been working since then
until the end of 2018 to start my

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little online shop and I started
with WordPress and WooCommerce.

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Yeah, it looks cool
with my type of skills.

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Um, just have to explain that
my programming skills were

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on the level of Khan Academy
JavaScript course for children.

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So that was it.

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That was my level of sophistication in
the, uh, Um, programming sphere and from

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then on, yeah, I started selling all
kinds of products and now almost one

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halving and a quarter of it later, right?

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We are here.

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Shopinbit.

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com is Europe's biggest Bitcoin store.

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We have a million plus products
available directly for purchase with

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Bitcoin and Lightning, of course.

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You get 3 percent discount if you use
it instead of the classic fiat rails

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and we ship within the European Union.

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And, um, we also do extra services that we
like to call the premium services, right?

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Um, so apart from just having regular
day to day items in the store, we

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offer a little bit on extra of service
and these are the concierge service.

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So if you need anything else that is not
on our website and legal, of course, we

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can organize that and ship it worldwide.

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Because it's all manually done, we
support you Uh, if you have questions

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about products or if you want to import
products like from Japan, we have some

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customers who like to have these super
expensive Leica lenses for the cameras

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and they're mostly found in Japan.

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So we import them to the EU or somewhere
else and help people get going with that.

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And I think the one service that
you guys already used a bit.

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Uh, which I think is the, or should
be the interesting, more interesting

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part for most of your listeners
is of course our travel agency.

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So if you want to travel to any Bitcoin
conference or just do a vacation, or if

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you're like a Bitcoin company and need
company travels for your staff or your

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CEO, we also do that because we're a
fully licensed travel agency as well.

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So, um, Yeah, that's the TLDR,
I think, but it got a little bit

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longer, so it's medium sized TLDR.

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Yeah, speaking of medium size, I have
only one question about the ShopInBit

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website that is slightly Slightly,
uh, different from other online shops.

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And that is the categories here.

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It starts with adults only.

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And the very first product, I
don't even know if I am allowed to

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say this here, but the very first
product on the site is an anal dildo.

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So, is it giant and green?

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I mean,

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how did that come to be?

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I think the adult section we added,
like, relatively late, I guess.

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I think we added it in 2020, I would say.

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Um, because We were already like, um,
getting worse SEO ranking because of the

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whole, we are accepting Bitcoin thing
and, um, and then it didn't actually

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make any difference anymore if you also
put in adult toys and people just, uh,

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Love to have some kinky stuff going on,
the whole sensuality thing, so, um, I

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thought that we should just add it there.

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And I guess it's just an
alphabet thing, right?

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It's just an alphabet thing, but we
are currently in like a restructuring

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phase because, um, There is actually
you can have too many products and

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that's like our current main problem.

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And that's what we are
currently working on.

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And um, we want to get a bit away of too
many products and focus more on providing

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more high quality products and maybe up
at a more focused scope instead of my

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former shotgun approach to watch products
to add all of them, all of them, right?

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So, but you can, I can actually tease
that, so, because we are opening a

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second online store just for Switzerland.

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Which will be shopinbit.

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ch and it will launch
on the 25th of October.

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And there we already implemented
our new style, I would say.

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So it's not the biggest online
store, but we are the privacy

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focused department store.

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Because that's the, I think
that's the other thing that

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people will like about our store.

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Is that we literally have zero marketing.

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analytics, tracking cookies, etc.

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So you can check it with your uBlock
if you're a little bit technically

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versed and you will see that there,
we, we, we don't even have Google

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fonts, like the fonts for the website.

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So they look a little bit
more flashy and stuff.

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We don't even have them.

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So we are very serious about
the whole privacy stuff.

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So I think that should be our two USPs,
like paying directly with Bitcoin and our.

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Eman's focus on privacy, like we go
to length and it's really hard to do

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e commerce without privacy invading,
invading tools because everyone wants you

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to like, Hey, don't you need more data?

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We can do some more analytics.

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Yeah, that's what we realized when we
started our shop here, like, holy shit,

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the amount of data you get on people,
or, which you just have to collect if

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you, if you run an online store, right?

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Yeah, yeah.

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it is hard, uh, but yeah, I really
appreciate that, now there's no

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cookies and stuff, and, and the, uh,
The, um, uh, collaboration you had

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with WasabiWallet, uh, super cool,
uh, maybe I wasn't supposed to say

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that, maybe we should edit that out.

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that's okay.

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It's still running because.

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Yeah.

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Maybe we can edit out the previous
question as well, I don't know, this

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conversation is taking other directions.

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But, uh,

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No, no, no, no worries.

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Like no, it's, it was, it's a cool
collaboration and it's still ongoing

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because the teams have changed of course,
uh, because of the recent developments

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with, uh, developments with Wasabi,
but you can use our premium services

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as well through the Wasabi wallet.

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And also in the near future, also with
the other, uh, forks, like Ginger, so

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that's coming, it's in the works, um,
but since we've been opening up the new

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Swiss, uh, company, we had to get the
legal stuff in the background going,

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so that's why it's not as high promoted
as it used to be, but It will be back.

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All right, so, um, but, but there is,
for the Bitcoiners who do not know,

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there is, way, there are ways of buying
practically anything you want for

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Bitcoin and in total privacy in the EU
right now, like, and it's super cool.

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Um, very anti authoritarian, and,
uh, I mean, very Rothmardian,

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for lack of a better word.

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Uh, and selling stuff should
not be a crime, anywhere.

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That's the gist of it, right?

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Exactly.

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Exactly.

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And I think that's the biggest
problem within the EU currently.

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Like you always feel like
you're a criminal even though

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you're 100 percent legal.

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Like we literally, we have, we're going
the extra mile to stay legal, right?

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Because sometimes people ask us, we're
like, Accessories for their sporting

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weapons, like bows, crossbows, etc.

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But we have the eternal
rule, no weapons of any kind.

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Like, it's not that it's illegal, like,
we're, we're, um, our jurisdiction is

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Poland, and Everyone knows Poland is a
little bit more easy going when it comes

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to guns, but I personally don't want to
be involved in that kind of business.

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00:15:24,433 --> 00:15:27,613
So, we're not even doing that, you
know, same as with prescription

226
00:15:27,613 --> 00:15:33,123
medicine, um, live animals and stuff
like everything, that's off the table.

227
00:15:33,598 --> 00:15:38,128
Um, so if you want to have, as the,
as the dark market guys would say,

228
00:15:38,128 --> 00:15:40,068
oh, that's only the boring stuff.

229
00:15:40,218 --> 00:15:45,588
Yeah, but that's what we focus on with the
family friendly Bitcoiner store, right?

230
00:15:46,383 --> 00:15:48,483
Yeah, except for the
giant green dildos, then.

231
00:15:48,788 --> 00:15:55,378
No, no, I think that's called, um,
marriage helping devices or something.

232
00:15:55,378 --> 00:15:55,858
I saw this.

233
00:15:56,423 --> 00:16:00,073
The spin on it a few days
ago and thought, hilarious.

234
00:16:01,783 --> 00:16:02,613
Oh, that's great.

235
00:16:02,763 --> 00:16:07,343
Um, and, uh, tell us a bit more
about this consigliere service.

236
00:16:07,403 --> 00:16:09,943
Like, how does, how does that work?

237
00:16:10,338 --> 00:16:12,338
Yeah, it's, it's actually quite simple.

238
00:16:12,638 --> 00:16:17,448
So, as you might have experienced,
a concierge in a hotel is the

239
00:16:17,458 --> 00:16:20,928
always ready available guy
who's like in the background.

240
00:16:21,443 --> 00:16:24,823
And then you're like, you're coming
to a new city and you're in your

241
00:16:24,823 --> 00:16:28,663
hotel and think, yeah, I, I don't
know where to go with my wife.

242
00:16:28,693 --> 00:16:30,123
Like I have no clue where to go.

243
00:16:30,493 --> 00:16:35,913
You go to the concierge and he, just like
magic has prepared for you three options

244
00:16:35,973 --> 00:16:38,123
and can reserve a table in two hours.

245
00:16:38,618 --> 00:16:41,838
And then you can have the best
time of life with your wife, right?

246
00:16:42,138 --> 00:16:44,158
That's like the idea behind it.

247
00:16:44,258 --> 00:16:50,898
And so in our version, the concierge
just helps you get anything you want.

248
00:16:51,238 --> 00:16:56,918
So you literally just have to describe
to our concierge in our form on the

249
00:16:56,918 --> 00:17:00,978
website or you can send an email
and in the near future you can also

250
00:17:00,978 --> 00:17:04,458
do a live chat with our concierge,
but we're still working on it.

251
00:17:04,708 --> 00:17:05,768
So it works privately.

252
00:17:06,178 --> 00:17:08,328
And you just describe like, okay.

253
00:17:08,808 --> 00:17:13,008
Um, you know, example, Luke, for
example, says, you know what, I want

254
00:17:13,008 --> 00:17:20,838
to go fancy, yeah, I need, um, this
Diamond Beholden baby toy, um, that

255
00:17:20,868 --> 00:17:25,878
makes the sound of Super Mario coins
getting collected when you rattle it.

256
00:17:26,363 --> 00:17:28,163
And you can only import it from Japan.

257
00:17:28,333 --> 00:17:30,923
So you write that to the
concierge and then the concierge

258
00:17:30,933 --> 00:17:32,073
starts searching for it.

259
00:17:32,493 --> 00:17:36,873
We calculate all the import fees,
uh, transportation costs, et cetera.

260
00:17:36,873 --> 00:17:41,893
And then we send Luke like a message, Hey
Luke, this is the total price, everything

261
00:17:41,903 --> 00:17:43,953
going, do you want to take it or not?

262
00:17:44,203 --> 00:17:47,393
And that's the point where you decide
if you want to pay for it or not.

263
00:17:47,963 --> 00:17:50,563
Before that, all the consultation is free.

264
00:17:50,613 --> 00:17:51,863
It's included in our service.

265
00:17:52,463 --> 00:17:56,873
And then Luke says, yes, let's go,
sends the Bitcoin, and then we start

266
00:17:56,873 --> 00:18:02,163
working on, he gets frequent updates with
tracking codes, where's the product, etc.

267
00:18:02,593 --> 00:18:07,913
So we first ship it to our warehouse in
Warsaw, so all the import stuff is already

268
00:18:07,913 --> 00:18:12,753
done, and then from Warsaw, we ship it
to you, wherever you are in the world.

269
00:18:12,803 --> 00:18:15,153
Luke, I don't know if you want
to be doxxed, so I would just

270
00:18:15,163 --> 00:18:16,343
say somewhere in the world.

271
00:18:16,343 --> 00:18:17,333
Ha ha ha.

272
00:18:17,513 --> 00:18:17,783
Yes.

273
00:18:17,783 --> 00:18:20,003
And also to Madera Nu, so no worries.

274
00:18:20,833 --> 00:18:26,023
That's a good metadoxing here, uh,
since, since I don't live on Madeira.

275
00:18:27,188 --> 00:18:30,728
No, I, I just actually assumed it
because you're so involved with

276
00:18:30,728 --> 00:18:32,378
the, uh, free Madera project,

277
00:18:32,768 --> 00:18:33,338
Yeah, I know.

278
00:18:33,478 --> 00:18:35,858
A lot of people assume I live
in Madeira and I like it.

279
00:18:36,218 --> 00:18:36,638
okay.

280
00:18:36,638 --> 00:18:36,878
Yeah.

281
00:18:36,878 --> 00:18:38,618
Then let's just, let's just stay with it.

282
00:18:38,618 --> 00:18:38,858
Yeah.

283
00:18:38,858 --> 00:18:42,938
So, so, so that's like the um,
TLDR of the concierge service.

284
00:18:42,938 --> 00:18:45,388
So you ask for it, you get it.

285
00:18:47,738 --> 00:18:48,278
Fantastic.

286
00:18:48,278 --> 00:18:51,558
And how does that differ from
the travel consigliere service?

287
00:18:52,018 --> 00:18:52,408
Yeah.

288
00:18:52,438 --> 00:18:58,918
So, because I think travel is a bit
more complex sometimes, um, and.

289
00:18:59,573 --> 00:19:05,053
I think most people don't like, they
have a vague idea about what they

290
00:19:05,053 --> 00:19:11,593
want to experience in their travel
and you can have like mediocre or lame

291
00:19:11,593 --> 00:19:15,353
experiences if you're just like going
by, okay, yeah, I saw this on the

292
00:19:15,353 --> 00:19:17,043
internet and maybe I should go there.

293
00:19:17,413 --> 00:19:24,563
That's the big difference by using our
travel concierge is that you can ask

294
00:19:25,073 --> 00:19:27,033
what you think you would like to do.

295
00:19:27,473 --> 00:19:30,513
And our travel concierge
that's Draven Keefe.

296
00:19:30,843 --> 00:19:37,883
He's been to almost 40 countries,
everywhere, and like, even Svalbard.

297
00:19:37,893 --> 00:19:42,473
I don't know why you would go there, like,
without a gun to your head, because it's

298
00:19:42,473 --> 00:19:45,583
so fucking cold, but he was there, right?

299
00:19:45,703 --> 00:19:49,963
And um, you can just ask him, like,
for example, if you would say,

300
00:19:50,173 --> 00:19:52,613
yeah, I want to go to Japan, right?

301
00:19:52,733 --> 00:19:57,643
And you say, okay, Luke and Knut go
together to Japan, do an off road trip.

302
00:19:58,038 --> 00:20:01,528
A podcasting tour with all the
Japanese Bitcoiners, right?

303
00:20:01,558 --> 00:20:07,858
And then, um, Trayvon would ask you
like, okay, like, do you have a budget?

304
00:20:07,928 --> 00:20:12,133
Do you have Others specific
amenities that you need, or do

305
00:20:12,143 --> 00:20:14,183
you want to do the samurai tour?

306
00:20:14,213 --> 00:20:19,213
So of course you have to visit the
old Nobunaga castle and, you know,

307
00:20:19,743 --> 00:20:24,473
and maybe even have a session with
an old samurai master, how to cut

308
00:20:24,473 --> 00:20:26,623
the bamboo and the right way, right?

309
00:20:26,913 --> 00:20:31,353
These, like the question that Trayvon
would ask you, so he knows where he should

310
00:20:31,363 --> 00:20:33,153
send you because it's very different.

311
00:20:33,163 --> 00:20:37,023
If you want to be like, okay,
like for example, if Luke was

312
00:20:37,023 --> 00:20:38,943
like the super anime nerds.

313
00:20:39,323 --> 00:20:44,883
And needs to see everything in Shibuya
and go to the One Piece museum.

314
00:20:45,473 --> 00:20:49,663
That's very different if Knut wants
to visit old samurai masters and talk

315
00:20:49,673 --> 00:20:55,743
about Miyamoto Musashi's story and
visit the cave where he supposedly

316
00:20:55,803 --> 00:20:57,693
lived the end of his life, right?

317
00:20:57,963 --> 00:21:00,733
So that's like two very
different types of travel.

318
00:21:01,168 --> 00:21:06,488
And Draven is like the guy to
find the right type of travel

319
00:21:06,488 --> 00:21:07,498
that you're looking for.

320
00:21:08,738 --> 00:21:13,888
I love that you could think of two
things that sounded so different.

321
00:21:14,248 --> 00:21:17,398
In terms of what they were,
but still sounds so extremely

322
00:21:17,398 --> 00:21:19,308
Japanese, both of them, like,

323
00:21:20,738 --> 00:21:23,278
Yeah, because I'm both of these types of

324
00:21:23,488 --> 00:21:23,948
yeah,

325
00:21:26,318 --> 00:21:31,038
you're fighting, uh, what's it
called, a battle royale with

326
00:21:31,038 --> 00:21:32,518
a Tamagotchi or something,

327
00:21:32,578 --> 00:21:33,368
Exactly.

328
00:21:33,428 --> 00:21:35,408
That, that's my type of style.

329
00:21:36,550 --> 00:21:37,290
sounds wonderful.

330
00:21:37,290 --> 00:21:41,220
No, I've, I've been using the service
myself for a while now, and Traven is

331
00:21:41,390 --> 00:21:47,205
amazing, and in terms of, knowledge about
the aircraft and everything and what you

332
00:21:47,205 --> 00:21:52,885
need and what the difference is between
one ticket and the other, uh, and, uh,

333
00:21:54,265 --> 00:21:59,255
all the, all the surrounding things, all
the airports are very knowledgeable and,

334
00:21:59,255 --> 00:22:01,875
uh, uh, a really cool service, I think.

335
00:22:02,990 --> 00:22:07,760
So if you like, if you just want to
have the best experience and not the

336
00:22:07,760 --> 00:22:12,280
hassle of finding out about all the
destinations where you could go, which

337
00:22:12,290 --> 00:22:14,810
aircraft to take, which airports to take.

338
00:22:15,420 --> 00:22:16,110
Etc.

339
00:22:16,280 --> 00:22:20,490
You can just offload the annoying,
boring stuff, as I like to call it,

340
00:22:20,860 --> 00:22:23,720
to us and just get the ticket from us.

341
00:22:23,770 --> 00:22:28,490
And then your journey starts when you
leave the house, go to the airport.

342
00:22:28,950 --> 00:22:30,350
Your ticket works everywhere.

343
00:22:30,400 --> 00:22:34,170
You have one ticket, even if you're
doing a voucher and not 15 different

344
00:22:34,200 --> 00:22:37,270
tickets, because every airline don't
want to work together because we

345
00:22:37,270 --> 00:22:40,460
are a real licensed travel agency.

346
00:22:40,460 --> 00:22:42,690
That's why we can give you one ticket.

347
00:22:43,095 --> 00:22:46,865
For all the airports and not
15 different ones, right?

348
00:22:46,865 --> 00:22:51,225
So we can all combine them and then
your journey just starts and you

349
00:22:51,225 --> 00:22:53,335
just, you know, you experience it.

350
00:22:53,425 --> 00:22:54,945
You have the best time of your life.

351
00:22:54,975 --> 00:22:59,405
That's like my minimum requirement
for experiences with ShopInBit.

352
00:22:59,455 --> 00:23:01,275
It needs to be the best time of your life.

353
00:23:01,695 --> 00:23:04,745
If it's less, Bitcoin standard for me.

354
00:23:05,805 --> 00:23:08,625
I'm a little bit, let's call it
perfectionist in this regard.

355
00:23:09,765 --> 00:23:10,695
Oh, it's fantastic.

356
00:23:10,755 --> 00:23:12,355
What a, what a service.

357
00:23:12,615 --> 00:23:13,435
Uh, um,

358
00:24:14,135 --> 00:24:19,395
If I'm correct, the first time we met,
uh, was at the Free Cities conference,

359
00:24:19,435 --> 00:24:20,925
like three years ago or something?

360
00:24:20,935 --> 00:24:21,965
Was that the first time?

361
00:24:22,980 --> 00:24:28,740
I think so, yes, it must
have been the 2022 edition of

362
00:24:28,740 --> 00:24:29,840
the Liberty in Our Lifetime

363
00:24:30,095 --> 00:24:35,355
Yeah, we knew about each other,
uh, before that, but I think that

364
00:24:35,355 --> 00:24:36,705
was the first time in real life.

365
00:24:36,775 --> 00:24:41,780
And, and your, uh, the The namer of
Bardian sort of gives it away, but you're

366
00:24:41,780 --> 00:24:49,460
a big believer in, in libertarian ideals,
and so, so, can you tell us a little

367
00:24:49,470 --> 00:24:54,730
about that, and how, like, how that
ties into building this store to make

368
00:24:54,740 --> 00:25:02,970
things available without KYC, I mean,
and to make things easier for people?

369
00:25:03,440 --> 00:25:17,320
Yeah, um, it kind of necessitates
being very ultra libertarian or ANCAP

370
00:25:17,460 --> 00:25:23,535
if you want to shorten it up, um,
because Like, there's lots of talking

371
00:25:23,615 --> 00:25:30,155
about free markets do this, free
markets do that, but the gist of Mises

372
00:25:30,325 --> 00:25:35,875
writings is actually that there is
no free market and there is no state.

373
00:25:36,380 --> 00:25:39,720
It's just people who do stuff, right?

374
00:25:39,840 --> 00:25:45,640
That's the, um, that's your book about
praxeology summed up in one sentence.

375
00:25:45,650 --> 00:25:46,120
Sorry,

376
00:25:46,330 --> 00:25:50,020
yes, that means it's condensed
into my book, and then condensed

377
00:25:50,020 --> 00:25:51,600
into one sentence, yes.

378
00:25:51,890 --> 00:25:52,260
Perfect.

379
00:25:52,810 --> 00:25:57,330
so, so that's like, um, and please,
people, you should read the book.

380
00:25:57,330 --> 00:25:59,700
It's very good from
Knut, so thumbs up here.

381
00:26:00,020 --> 00:26:06,650
Um, no, but, um, as soon as you
realize that people do stuff, you

382
00:26:06,670 --> 00:26:11,455
need to decide for yourself, What
you want to do with your life, right?

383
00:26:11,705 --> 00:26:18,855
I could have, of course, just laid back,
huddled, stacked some more, and then wait

384
00:26:18,895 --> 00:26:25,305
until someday magically someone would
appear and have the same understanding or

385
00:26:25,835 --> 00:26:29,285
the same vision for the future as I have.

386
00:26:29,515 --> 00:26:34,325
And my vision is just that we
can use Bitcoin on a day to day

387
00:26:34,325 --> 00:26:39,845
basis, just live our life and
actually see the free markets.

388
00:26:39,981 --> 00:26:50,720
Like, evolving out of this, um,
cypher, cyberpunkian dystopia

389
00:26:50,750 --> 00:26:52,360
that we live in right now.

390
00:26:52,870 --> 00:26:58,720
Because you see like, there's,
there are so many companies right

391
00:26:58,750 --> 00:27:03,180
now alive and doing well, which
totally don't make any sense.

392
00:27:03,210 --> 00:27:09,110
Like if you, like, I think the most basic
example is the whole streaming sector.

393
00:27:09,740 --> 00:27:14,310
It's a, it's an industry
that's built on losing money.

394
00:27:14,865 --> 00:27:21,365
There is no way mathematically that
you can generate enough money with

395
00:27:21,685 --> 00:27:29,385
the subscription to fund all these
media programs that they are funding.

396
00:27:29,775 --> 00:27:32,435
Like it's, it's an infinity game.

397
00:27:33,220 --> 00:27:33,900
And the others?

398
00:27:33,901 --> 00:27:34,830
Wessens.

399
00:27:34,830 --> 00:27:39,640
And there's this thing going on and
it's getting, it's quite convenient,

400
00:27:39,730 --> 00:27:43,840
yes, but they are not literally working.

401
00:27:43,870 --> 00:27:46,260
Like, they are so highly in depth, like,

402
00:27:46,593 --> 00:27:50,873
No, no, and there's another aspect to
this also, which ties into intellectual

403
00:27:50,873 --> 00:27:57,363
property, and as Rothbardians, we, we
both know that intellectual property is

404
00:27:57,363 --> 00:28:01,793
bullshit, and it doesn't exist, so what
the streaming services, especially for,

405
00:28:02,263 --> 00:28:08,773
uh, I mean, movie and TV content are doing
is that they're not in competition because

406
00:28:08,803 --> 00:28:10,643
their content is exclusive to them.

407
00:28:10,673 --> 00:28:12,843
So it's basically
everything behind a paywall.

408
00:28:13,063 --> 00:28:17,353
You can't watch HBO stuff on Disney
plus and vice versa or on Netflix.

409
00:28:17,823 --> 00:28:19,573
So they're not really competing.

410
00:28:20,103 --> 00:28:22,053
It's not a, it's not a free market thing.

411
00:28:22,053 --> 00:28:24,773
It's fake, uh, artificial monopolies.

412
00:28:25,138 --> 00:28:30,048
Uh, created around a subset of
intellectual, quote unquote property.

413
00:28:30,048 --> 00:28:31,158
So, so property.

414
00:28:31,158 --> 00:28:37,078
So it's, uh, so it's, it's sort
of pointing out to us, and this

415
00:28:37,078 --> 00:28:40,018
is, I think the internet in
general that pointed out to us.

416
00:28:40,288 --> 00:28:44,788
Since everything is copyable, I mean,
information was always copyable.

417
00:28:45,028 --> 00:28:49,438
It's just, it's so much more efficient
to copy stuff on the internet than,

418
00:28:49,498 --> 00:28:51,298
uh, or on computers in general.

419
00:28:51,608 --> 00:28:54,508
Then, then in physical space
because you have to literally

420
00:28:54,508 --> 00:28:56,458
write the data down again.

421
00:28:56,928 --> 00:29:01,288
Uh, so it sort of points out that
this whole intellectual property

422
00:29:01,288 --> 00:29:04,458
thing is complete bullshit
from, from beginning to end.

423
00:29:04,818 --> 00:29:10,778
Because why, uh, and I remember
those, uh, ads for not pirating.

424
00:29:11,263 --> 00:29:15,133
Uh, video material back in like
the late 90s, where would you

425
00:29:15,133 --> 00:29:19,003
steal a car, would you steal a
phone, uh, therefore you shouldn't

426
00:29:19,663 --> 00:29:22,283
pirate, uh, copyrighted material.

427
00:29:22,673 --> 00:29:29,663
And it's such bullshit, because the person
Who gets pirated, didn't lose anything.

428
00:29:30,693 --> 00:29:37,213
Like, if someone copies my
book, I didn't lose the book.

429
00:29:37,493 --> 00:29:40,913
It's like, I want people to copy
it, because that means they read it.

430
00:29:40,993 --> 00:29:42,983
Like, they had to read it to copy it.

431
00:29:43,013 --> 00:29:45,343
Like, that's the whole point of a book.

432
00:29:45,803 --> 00:29:47,933
For the material to be copied.

433
00:29:47,933 --> 00:29:50,093
For it to go into someone else's brain.

434
00:29:50,453 --> 00:29:51,663
Otherwise the book is pointless.

435
00:29:53,173 --> 00:29:57,843
And this is for all intellectual property
and it's, it's just, uh, pointing

436
00:29:57,843 --> 00:30:01,803
out to us, so it's blatantly obvious
that all copyright laws are bullshit.

437
00:30:02,673 --> 00:30:03,143
And in

438
00:30:03,543 --> 00:30:08,913
and there's a Rothbardian way to
circumvent, um, all this copyright

439
00:30:08,913 --> 00:30:11,093
protection, paywalls, etc.

440
00:30:11,473 --> 00:30:15,353
Because you just have to make the
service sexy enough that people

441
00:30:15,373 --> 00:30:17,133
just really want to pay for it.

442
00:30:17,453 --> 00:30:21,998
Because if you're looking at, like,
in the beginning of Netflix, If we

443
00:30:21,998 --> 00:30:26,328
go back to, I don't know, what's it
like 2015, 2016 or something when I,

444
00:30:26,388 --> 00:30:30,018
uh, discovered Netflix for myself,
it was, it was a revelation because

445
00:30:30,298 --> 00:30:34,948
all the shows from all the different
channels, they were all in one platform.

446
00:30:34,958 --> 00:30:39,528
I could switch from personal of
interest going over to, I don't know,

447
00:30:39,648 --> 00:30:42,228
psych and then watching CSI Miami.

448
00:30:42,228 --> 00:30:42,418
I don't know.

449
00:30:42,428 --> 00:30:43,508
I'm just making this stuff right now.

450
00:30:43,588 --> 00:30:43,728
Right.

451
00:30:44,568 --> 00:30:47,018
And there was no, no friction with it.

452
00:30:47,463 --> 00:30:52,503
Because, um, before that, you had to
have the different channels, know at

453
00:30:52,543 --> 00:30:56,903
which time of the day it was running,
or buy all the DVDs, all the Blu

454
00:30:56,903 --> 00:31:00,528
Rays, and all Um, it was total mess.

455
00:31:00,858 --> 00:31:05,428
And, um, if you didn't want to pay
for it, if you wanted to go the rrpio

456
00:31:06,068 --> 00:31:11,618
route, you would have to go to different
sites and have a very high probability

457
00:31:11,618 --> 00:31:14,258
of getting malware and viruses.

458
00:31:14,778 --> 00:31:15,628
on your PC.

459
00:31:16,598 --> 00:31:23,178
Now we are back again at square one where
there are 15 different streaming services

460
00:31:23,438 --> 00:31:27,638
that make it super hard to watch anything
because you never know when it's going

461
00:31:27,638 --> 00:31:30,808
to disappear from the digital library.

462
00:31:30,808 --> 00:31:35,188
You can either buy them again, but then
you have to watch the stupid ad about,

463
00:31:35,198 --> 00:31:40,748
hey, please don't pirate this blu ray that
you just bought and you can't skip it.

464
00:31:40,998 --> 00:31:45,338
So again, it's more convenient
to just go one of these insane.

465
00:31:45,988 --> 00:31:54,598
Pirate sites where you can stream movies
in HD quality for free, no ads whatsoever.

466
00:31:54,598 --> 00:31:56,758
If you have ad blocks on, it's ridiculous.

467
00:31:56,778 --> 00:32:01,628
Like this is super stupid and the
rough body way to do to solve all that

468
00:32:01,858 --> 00:32:07,908
will be just to make a service that is
just 10 percent better, like can have

469
00:32:07,908 --> 00:32:12,348
it on a Netflix way, you pay a little
bit more, there are premium shows, but

470
00:32:12,378 --> 00:32:19,263
then you get AMAs with the cast or get
posters shipped to your home because

471
00:32:19,283 --> 00:32:20,873
you're such a super fan of your show.

472
00:32:21,103 --> 00:32:21,683
Or whatever.

473
00:32:21,683 --> 00:32:24,443
Like you just need to think a
little bit outside of the box,

474
00:32:24,483 --> 00:32:29,283
like what connects people with the
special property you have or like.

475
00:32:29,363 --> 00:32:35,033
It's not so difficult, but if
you're just a lazy VC funded company

476
00:32:35,033 --> 00:32:37,563
that's in the fiat game, right?

477
00:32:37,773 --> 00:32:38,883
That's the fiat game.

478
00:32:38,883 --> 00:32:45,163
Like, lately I've come to realize
that I've been too much player hating

479
00:32:45,343 --> 00:32:49,423
and forgetting that it's actually
a fiat game that I hate, right?

480
00:32:49,423 --> 00:32:53,893
It's not about Netflix specifically,
but it's the whole fiat game in the

481
00:32:53,903 --> 00:33:02,773
background that gives these Incentives to
do really stupid shit and that's why I'm

482
00:33:02,793 --> 00:33:10,293
so invested in Bitcoin and doing business
and trying to tell people that they need

483
00:33:10,313 --> 00:33:15,183
to start their own Bitcoin businesses
because you cannot compete with companies

484
00:33:15,183 --> 00:33:17,613
that provide jobs and money to people.

485
00:33:17,953 --> 00:33:22,663
Like there's been, we've been to quite
a lot of conferences in the last years,

486
00:33:22,743 --> 00:33:24,783
like, and I think you've seen it.

487
00:33:26,603 --> 00:33:31,213
If you're as long as me in the game,
you've seen all the talks and this

488
00:33:31,213 --> 00:33:35,653
constant yapping about stacking more
coins is like one part of the problem.

489
00:33:36,153 --> 00:33:43,183
But um, if you compare it to the crypto
shenanigans, right, they do, there

490
00:33:43,183 --> 00:33:48,323
are lots of people there to do the
scamming and, um, make the casino stuff.

491
00:33:48,413 --> 00:33:52,443
But the important thing that is
generally left out of the conversation

492
00:33:52,463 --> 00:33:54,603
is That they actually provide jobs.

493
00:33:54,953 --> 00:33:58,003
Binance employs a couple
hundred thousand of people.

494
00:33:58,043 --> 00:33:59,493
I don't know how many they employ.

495
00:33:59,783 --> 00:34:02,963
And also all these other shitcoin
casinos, they employ people.

496
00:34:03,243 --> 00:34:08,903
And like, if you like have a family
or have any types of obligations

497
00:34:08,953 --> 00:34:12,443
or maybe like a grandmother that
you need to take care of, right.

498
00:34:12,863 --> 00:34:16,853
It's cool and all, if you can lift
the Bitcoin lifestyle, but if you're

499
00:34:16,853 --> 00:34:20,843
still broke, then like this, this
really doesn't help your cause at all.

500
00:34:20,843 --> 00:34:21,103
Right.

501
00:34:21,103 --> 00:34:21,703
Because you can.

502
00:34:22,433 --> 00:34:26,283
If you're still stuck in the fiat
game because your job provides you

503
00:34:26,333 --> 00:34:32,293
only the fiat game to play, then
what is it worth to try to live a

504
00:34:32,443 --> 00:34:36,773
Bitcoin lifestyle that cannot sustain
your current obligations, right?

505
00:34:37,213 --> 00:34:41,223
So I think it's really important that
we should talk a little bit more openly

506
00:34:41,543 --> 00:34:46,628
in the Bitcoin community about building
actual profitable, Bitcoin businesses

507
00:34:46,648 --> 00:34:50,948
because open source, it's great, you know,
I love you open source guys out there.

508
00:34:51,128 --> 00:34:53,928
Like we've been using
BTC pay server for years.

509
00:34:54,278 --> 00:34:59,828
We've been supporting the guys,
um, through various means and still

510
00:35:00,988 --> 00:35:04,978
open source and you need to wait for
donations and stuff and that's cool

511
00:35:04,978 --> 00:35:11,698
and all, but maybe sometimes when you
start a Bitcoin company asking for

512
00:35:11,708 --> 00:35:15,888
a price for a profit, actually like
that gives you the signal, right?

513
00:35:15,958 --> 00:35:17,238
The signal from the free market.

514
00:35:17,753 --> 00:35:20,893
Is it a profitable business
or is it losing money?

515
00:35:21,283 --> 00:35:23,093
It's like there is no in between.

516
00:35:23,103 --> 00:35:27,193
You can, of course, meddle around and
try to put your own funds in there,

517
00:35:28,073 --> 00:35:32,433
but then it's just a hobby and you
cannot expect people to change their

518
00:35:32,433 --> 00:35:35,703
whole life because of a hobby, right?

519
00:35:36,588 --> 00:35:42,208
You need to provide some kind of
incentive apart from the ideology.

520
00:35:42,208 --> 00:35:44,908
Like, you know me, I'm a crazy guy.

521
00:35:45,328 --> 00:35:48,558
I go all in on, um, living a better life.

522
00:35:48,598 --> 00:35:49,998
Man must have a code.

523
00:35:49,998 --> 00:35:57,488
That's my ish since I saw it in the
wire like 10 years ago, but also need

524
00:35:57,488 --> 00:36:02,788
to make some money and it will be better
if you like make hard money and Bitcoin

525
00:36:02,828 --> 00:36:08,388
instead of otherwise, but we need to
like have this reality check sometimes.

526
00:36:08,813 --> 00:36:09,443
You know what I mean?

527
00:36:09,703 --> 00:36:09,983
Sorry.

528
00:36:09,983 --> 00:36:10,313
I'm sorry.

529
00:36:10,393 --> 00:36:11,243
I start ranting.

530
00:36:11,633 --> 00:36:17,183
mean, it's about bridging that gap and,
uh But this is the tragedy of the commons

531
00:36:17,183 --> 00:36:21,283
in a way, because people do work for
shitcoin casinos, people do work for

532
00:36:21,283 --> 00:36:26,243
these zombie companies, and they do work
for these overvalued HBOs and Netflixes

533
00:36:26,273 --> 00:36:32,903
of the world, uh, not to mention Disney,
uh, and they make fiat money there, and

534
00:36:32,903 --> 00:36:37,933
they think they're happy, and they go
home and cry themselves to sleep every

535
00:36:37,933 --> 00:36:43,693
night, uh, while we are rebellious, uh,
really cool, the cool kids in the bus, uh,

536
00:36:44,863 --> 00:36:50,368
but I think this is why we always mantra
like the, the important thing is not

537
00:36:50,598 --> 00:36:55,388
necessarily to push people to spend their
bitcoin, but for people to start accepting

538
00:36:55,578 --> 00:36:56,978
bitcoin for the goods and services.

539
00:36:57,238 --> 00:37:00,268
That's where the revolution starts,
like start accepting bitcoin

540
00:37:00,278 --> 00:37:01,228
for your goods and services.

541
00:37:01,753 --> 00:37:07,073
Because there are so many, so many
perks to that, uh, not to mention,

542
00:37:07,083 --> 00:37:09,573
like, the privacy aspect of it.

543
00:37:09,693 --> 00:37:14,103
Like, for sure, the guy paying you might
know your address, but no one else does.

544
00:37:14,133 --> 00:37:19,013
Like, if you don't, if you don't need
to give it away, there are so many

545
00:37:19,013 --> 00:37:25,873
ways, and, uh, I mean, There are so many
tools to use and so many avenues into

546
00:37:25,873 --> 00:37:30,743
this, and when you start living in the
friction free world of actual Bitcoin

547
00:37:30,753 --> 00:37:34,723
transactions, you see that everything
else is just bullshit, and there's

548
00:37:34,723 --> 00:37:39,483
no, there's no moral high ground in
defending the old system when there's

549
00:37:39,503 --> 00:37:41,863
an obviously superior system around.

550
00:37:42,003 --> 00:37:49,053
I think it's, uh, that's, that's so bad,
and we need people to be heroic and fight

551
00:37:49,053 --> 00:37:53,223
against it, because it's going to be
obvious one day that This way is better.

552
00:37:53,383 --> 00:37:57,823
Uh, I mean, to me and many
other Bitcoiners it already is.

553
00:37:57,823 --> 00:38:01,093
It is obvious and this
is the hill to die on.

554
00:38:01,513 --> 00:38:03,753
Like, what other hill
are you going to die on?

555
00:38:03,753 --> 00:38:08,173
It's the most important
fight of our lives, right?

556
00:38:09,093 --> 00:38:13,413
Also, with the fiat bullshit and
the KYC that we talked about a

557
00:38:13,423 --> 00:38:19,993
little earlier here, uh, The whole
point of money is to not need KYC.

558
00:38:20,293 --> 00:38:25,003
If you know the person, you don't
really need money because you trust the

559
00:38:25,003 --> 00:38:26,813
person to pay you back at some point.

560
00:38:27,203 --> 00:38:30,583
So you can give them goods
or services and, you know,

561
00:38:30,583 --> 00:38:31,863
get paid back at some point.

562
00:38:31,913 --> 00:38:35,373
KYC defeats the entire purpose of money.

563
00:38:35,963 --> 00:38:41,818
That money was Invented or discovered in
order for people to not have to trust one

564
00:38:41,818 --> 00:38:43,708
another when transacting with one another.

565
00:38:43,888 --> 00:38:45,218
That's the whole point of money.

566
00:38:45,578 --> 00:38:49,758
So, there is so much here between
the old world and the new.

567
00:38:49,928 --> 00:38:50,288
And,

568
00:38:52,468 --> 00:38:55,048
choose your battles wisely.

569
00:38:55,743 --> 00:39:00,903
And I think the funniest part about it
is that accepting Bitcoin is actually

570
00:39:00,903 --> 00:39:05,473
the easiest type of battle that you can
do because like you could, of course,

571
00:39:05,913 --> 00:39:10,723
to work with legislation to get it as
legal tender and all that shit, which

572
00:39:10,733 --> 00:39:14,753
I personally, I'm not the biggest fan
of because like The Rothbardian speaks

573
00:39:14,753 --> 00:39:16,873
again, competition everywhere, right?

574
00:39:17,133 --> 00:39:22,533
But, like, you accept the coin, you
don't need to pick up a pitchfork,

575
00:39:22,713 --> 00:39:27,193
or torches, or anything other
to go demonstrating and shit.

576
00:39:27,533 --> 00:39:31,633
You literally just accept coins,
and you show everyone around you

577
00:39:31,923 --> 00:39:33,713
that it makes sense to accept it.

578
00:39:34,033 --> 00:39:38,883
Yourself, like that's, that's my
little in the background work as well.

579
00:39:39,123 --> 00:39:44,443
So we talk to our suppliers and we tell
them, Hey, have you heard about Bitcoin?

580
00:39:44,843 --> 00:39:48,943
See, we only have 1 percent
return rate with your Amazon and

581
00:39:49,003 --> 00:39:50,813
other types of fiat customers.

582
00:39:51,213 --> 00:39:53,433
They give you 20 percent return rate.

583
00:39:53,633 --> 00:39:55,823
Don't you want to go in
on that action, right?

584
00:39:56,258 --> 00:40:01,908
So that's like a, it's like a better,
um, argument than of course saying,

585
00:40:01,908 --> 00:40:04,158
yeah, so fiat money is total shit, man.

586
00:40:04,328 --> 00:40:07,318
You need to drop immediately
that you accept fiat.

587
00:40:07,318 --> 00:40:08,288
You only need to take Bitcoin.

588
00:40:08,458 --> 00:40:13,328
Like that, that ends any conversation
with a little click and it's over.

589
00:40:13,548 --> 00:40:14,998
But you get the point.

590
00:40:15,008 --> 00:40:18,228
Like if you can live by example
and show people, okay, it

591
00:40:18,228 --> 00:40:20,108
makes sense to accept Bitcoin.

592
00:40:20,578 --> 00:40:23,648
These customers are insane and.

593
00:40:24,028 --> 00:40:27,358
And you really need to check it out,
have a better life, because like, I

594
00:40:27,368 --> 00:40:34,218
think everyone who has tried accepting
money over the internet might have

595
00:40:34,268 --> 00:40:42,228
come by the PayPal taking your
money problem or holding it hostage.

596
00:40:42,368 --> 00:40:47,468
I think they like to call it secure
funds for future dispute resolution.

597
00:40:48,068 --> 00:40:51,628
And yeah, it's, it's, it's,
it's a really stupid thing.

598
00:40:51,628 --> 00:40:54,858
Like I have this, I have
this perfect example from 20.

599
00:40:56,198 --> 00:41:02,398
When we as ShopinBit raised the
Bitcoin node amount in the world

600
00:41:02,448 --> 00:41:09,338
by 1 percent in one week, because
we were able to, um, source all

601
00:41:09,338 --> 00:41:11,258
the parts for a RecipeBlitz node.

602
00:41:12,008 --> 00:41:17,078
Um, for the cheapest price in Europe,
and we sold about 200 of them in a week.

603
00:41:17,728 --> 00:41:21,478
And yeah, yeah, that's the cool part.

604
00:41:21,548 --> 00:41:26,908
It now comes the trick with
PayPal because we haven't had that

605
00:41:26,908 --> 00:41:30,028
many PayPal payments until then.

606
00:41:30,488 --> 00:41:36,268
And then we just had a spike of
like, 200 transactions, almost

607
00:41:36,268 --> 00:41:38,328
200 transactions in one week.

608
00:41:38,588 --> 00:41:42,968
And they were like, no way
you made this money legit.

609
00:41:42,998 --> 00:41:44,338
We are freezing all of it.

610
00:41:44,618 --> 00:41:48,038
And I'm like, Oh my God, I
have to call our supplier.

611
00:41:48,038 --> 00:41:52,138
So I'm calling the first supplier
for the electronics part.

612
00:41:52,138 --> 00:41:53,558
And I'm telling him, yeah.

613
00:41:53,798 --> 00:41:57,148
So you remember how I'm usually
paying everything up front?

614
00:41:57,498 --> 00:41:59,368
And he say, yeah, sure.

615
00:41:59,508 --> 00:42:00,728
What's the problem?

616
00:42:00,778 --> 00:42:06,123
Like Yeah, so we made this little
advertisement for this, uh, for

617
00:42:06,123 --> 00:42:07,693
the parts that I told you about.

618
00:42:07,813 --> 00:42:11,063
Very thankful that you're reserving
the parts for us, but PayPal

619
00:42:11,073 --> 00:42:15,363
blocked our money and he started
laughing for two minutes straight

620
00:42:15,653 --> 00:42:17,433
and said, Oh, it's your first time.

621
00:42:19,053 --> 00:42:19,283
Yeah.

622
00:42:19,283 --> 00:42:19,743
Yeah.

623
00:42:19,853 --> 00:42:21,633
Should have taken it in Bitcoin, right?

624
00:42:21,633 --> 00:42:23,343
And he was very nice about it.

625
00:42:23,653 --> 00:42:24,223
And he says, sure.

626
00:42:24,223 --> 00:42:24,833
No problem.

627
00:42:24,873 --> 00:42:27,553
We'll reserve the products for you
because we know you pay always.

628
00:42:27,683 --> 00:42:27,993
Right.

629
00:42:28,073 --> 00:42:28,463
Okay.

630
00:42:28,463 --> 00:42:28,613
Okay.

631
00:42:28,613 --> 00:42:31,513
So then I start my
journey talking to PayPal.

632
00:42:31,883 --> 00:42:36,773
So, it took me five business days
and I talked to, I would say,

633
00:42:36,773 --> 00:42:39,033
until the seventh level support.

634
00:42:39,393 --> 00:42:44,093
Because everyone was just, no, I
can't decide that, send in this data.

635
00:42:44,153 --> 00:42:46,143
Okay, I sent in this data.

636
00:42:46,193 --> 00:42:47,313
Talk to the next person.

637
00:42:47,313 --> 00:42:48,633
Yeah, I don't know.

638
00:42:48,903 --> 00:42:49,643
Sounds scammy.

639
00:42:49,653 --> 00:42:51,713
Send next person, next
person, next person.

640
00:42:51,943 --> 00:42:56,033
And when I finally was at the seventh
level, like, I literally taught him

641
00:42:56,043 --> 00:42:57,723
like, what the fuck do you want from me?

642
00:42:57,723 --> 00:42:59,293
Like, I bought all the evidence.

643
00:42:59,653 --> 00:43:02,843
You literally can see that we can
provide all the products because you

644
00:43:02,843 --> 00:43:05,343
have the invoices from our suppliers.

645
00:43:05,708 --> 00:43:08,898
And the orators like,
what is your problem?

646
00:43:09,768 --> 00:43:14,898
And he was like, yeah, the problem is you
made too much money and such a short time.

647
00:43:15,308 --> 00:43:16,748
Our algorithm just kicked you.

648
00:43:16,918 --> 00:43:17,958
Sorry about that, bro.

649
00:43:18,788 --> 00:43:20,158
And then I got the money back.

650
00:43:20,318 --> 00:43:21,768
It was like, what?

651
00:43:22,758 --> 00:43:23,358
Why?

652
00:43:24,068 --> 00:43:24,868
Why can you

653
00:43:24,978 --> 00:43:28,858
too much value to other people
in too short of a time frame.

654
00:43:29,198 --> 00:43:32,478
If you're too successful, PayPal
will literally kill your business.

655
00:43:32,528 --> 00:43:34,688
If you're too successful because of

656
00:43:34,768 --> 00:43:35,058
so

657
00:43:35,158 --> 00:43:35,978
KYC,

658
00:43:36,718 --> 00:43:37,928
Yeah, it's super vile.

659
00:43:38,098 --> 00:43:41,718
And it's like the banks asking
you what you want to do, what you

660
00:43:41,718 --> 00:43:44,968
are going to do with your money if
you try to withdraw cash nowadays.

661
00:43:45,318 --> 00:43:45,788
Same thing.

662
00:43:46,698 --> 00:43:49,568
It's bullshit, like, what the
fuck are you doing with my money?

663
00:43:49,568 --> 00:43:54,528
You're, you're the ones that
supposedly hold them, like, I know

664
00:43:54,528 --> 00:43:59,058
you don't, but anyway, why are you
entitled to ask me that question

665
00:43:59,058 --> 00:44:00,188
and not the other way around?

666
00:44:01,178 --> 00:44:02,018
It's so weird.

667
00:44:03,448 --> 00:44:09,968
and then that is the point when you
realize the power of Bitcoin, because your

668
00:44:09,968 --> 00:44:13,048
paint instant, almost instantly, right?

669
00:44:13,488 --> 00:44:18,088
And you can use your
money almost instantly.

670
00:44:18,348 --> 00:44:19,598
There is no waiting time.

671
00:44:19,988 --> 00:44:21,208
No one can stop it.

672
00:44:22,248 --> 00:44:27,178
And your whole business can
rely on getting paid in Bitcoin.

673
00:44:27,388 --> 00:44:31,928
And you never have to lose sleep
about, will the money arrive?

674
00:44:32,248 --> 00:44:33,598
Will the money not arrive?

675
00:44:33,688 --> 00:44:36,868
It's literally, worst case
scenario is a 10 minute wait.

676
00:44:37,358 --> 00:44:39,748
And if it takes longer, you
literally just write the customer.

677
00:44:40,218 --> 00:44:43,928
Sorry, there are no confirmations
on the blockchain, can you just,

678
00:44:43,928 --> 00:44:46,308
you know, bounce the fee up a bit?

679
00:44:46,648 --> 00:44:50,158
Being a bit stingy here with
one set per VBYTE, it's not 2018

680
00:44:50,438 --> 00:44:52,498
anymore, so please turn it up a bit.

681
00:44:52,778 --> 00:44:54,068
That would be great, right?

682
00:44:54,238 --> 00:44:57,838
That's the conversation that you have,
but it's not like calling seventh level

683
00:44:57,838 --> 00:45:03,728
support for a week, like I could have
done 200 other things in that time, right?

684
00:45:03,898 --> 00:45:04,228
So

685
00:45:05,368 --> 00:45:08,898
So a thought just struck me here, so
hear me out here and see what, uh,

686
00:45:08,958 --> 00:45:10,208
I'd love to pick your brain on this.

687
00:45:10,588 --> 00:45:15,538
So if, if you got fiat liquidity in
your company, so you have enough fiat,

688
00:45:15,748 --> 00:45:20,498
you could, you could theoretically
Put any discount you want on the

689
00:45:20,498 --> 00:45:22,558
Bitcoin price of any product.

690
00:45:22,788 --> 00:45:28,028
So, like, if I put a 20 percent discount
for those people who pay in Bitcoin, all

691
00:45:28,028 --> 00:45:32,678
that means is I have to wait, on average,
20 percent longer before numbers go up.

692
00:45:33,158 --> 00:45:33,438
Right?

693
00:45:34,148 --> 00:45:38,508
So, if you take it the number can and
will go up forever, then you could

694
00:45:38,508 --> 00:45:43,838
basically just charge Bitcoin, as long
as the prices make some sort of sense.

695
00:45:44,243 --> 00:45:45,143
And then just wait.

696
00:45:45,728 --> 00:45:48,418
that is something that we tried.

697
00:45:49,373 --> 00:45:56,003
And, um, that is super difficult
to do because, um, you usually have

698
00:45:56,013 --> 00:46:01,483
like 14 to 30 days of a payment
window and that is way too short

699
00:46:01,543 --> 00:46:04,443
to do these kinds of gambles.

700
00:46:04,973 --> 00:46:07,663
So you, you need to pay your
supplier within those months.

701
00:46:07,863 --> 00:46:08,813
Yes, exactly.

702
00:46:08,823 --> 00:46:13,663
There is like, usually you have
14 days or 30 days to pay them.

703
00:46:13,943 --> 00:46:17,563
Some suppliers have longer payment
windows where you can of course

704
00:46:17,613 --> 00:46:22,103
try that, but I would recommend
against it in the beginning.

705
00:46:22,538 --> 00:46:28,748
Because nothing is worse for your business
relationships than paying invoices late.

706
00:46:29,020 --> 00:46:33,440
So, um, because like, again, since
there are not as many Bitcoin

707
00:46:33,660 --> 00:46:35,480
companies as there are fiat companies,

708
00:46:36,715 --> 00:46:37,125
yet.

709
00:46:37,200 --> 00:46:38,450
to lead by example.

710
00:46:38,750 --> 00:46:44,610
So, um, the best thing I would
recommend to do is just pay so early.

711
00:46:45,075 --> 00:46:49,325
That's they are confused about why
you are paying so early because

712
00:46:49,335 --> 00:46:53,235
that is a super conversation, like,
like the story that I told you about

713
00:46:53,265 --> 00:46:55,185
the supplier for the electronics.

714
00:46:55,235 --> 00:46:59,005
That was exactly why he was so
laid back because everything

715
00:46:59,035 --> 00:47:01,045
else was paid on the same day.

716
00:47:01,415 --> 00:47:04,545
We place an order, we pay it directly.

717
00:47:04,855 --> 00:47:08,265
They never heard of it because
everyone else is like, yeah,

718
00:47:08,265 --> 00:47:09,675
so I'm starting a new business.

719
00:47:09,675 --> 00:47:12,125
And can I have a three
month payment window?

720
00:47:12,685 --> 00:47:13,445
Like, no, sure.

721
00:47:13,665 --> 00:47:14,325
Pay up front.

722
00:47:14,485 --> 00:47:15,085
No problem.

723
00:47:15,865 --> 00:47:19,045
Of course, uh, follow up question.

724
00:47:19,645 --> 00:47:21,735
That supplier, is he now orange pilled?

725
00:47:22,445 --> 00:47:26,295
he is not, but that is because
of, uh, German regulations.

726
00:47:26,995 --> 00:47:32,435
Okay, but at some point, like, every
supplier will be orange pilled too,

727
00:47:32,455 --> 00:47:37,255
like, we just have to work on it, and
this is the thing, if you build business

728
00:47:37,265 --> 00:47:41,795
relationships, and you have a relation
with this and that company, I mean, why

729
00:47:41,795 --> 00:47:45,405
not start the Bitcoin conversation at
one point, and just try to orange pill

730
00:47:45,405 --> 00:47:47,145
them, and tell them about the advantages.

731
00:49:43,074 --> 00:49:50,274
Exactly, that's why I'm super pumped
about our new Swiss store, because we

732
00:49:50,274 --> 00:49:55,904
have new Swiss suppliers there, and
maybe I can just announce it here, so

733
00:49:55,994 --> 00:50:04,834
it's way cooler, so we will do a wine
tasting in Lugano at the speaker's dinner.

734
00:50:05,379 --> 00:50:07,539
And it's not any wine tasting.

735
00:50:07,539 --> 00:50:11,629
It's a, it's a journey through
Europe, through European wines.

736
00:50:11,669 --> 00:50:16,729
So I know, uh, you both like wine since
you're also having your own type of brand.

737
00:50:17,329 --> 00:50:22,029
And, uh, we got one of the biggest
wine suppliers and distributors in

738
00:50:22,029 --> 00:50:25,519
Switzerland to say yes to a corporation.

739
00:50:26,079 --> 00:50:30,729
And that will be their test
balloon to see what bitcoiners

740
00:50:30,779 --> 00:50:33,169
are like as a customer base.

741
00:50:33,819 --> 00:50:39,489
So while you are tasting the
exquisite wines of Europe, you

742
00:50:39,489 --> 00:50:44,019
can also help with adoption by
considering buying a case of wine.

743
00:50:44,424 --> 00:50:47,444
So it's a, it's a win win for everyone.

744
00:50:47,464 --> 00:50:52,124
So you get great wine, you can taste
it beforehand, and you can have it

745
00:50:52,134 --> 00:50:53,884
home delivered within Switzerland.

746
00:50:54,324 --> 00:51:00,574
So that's our little cool event
coming there at the speaker's dinner,

747
00:51:00,814 --> 00:51:03,114
which will be on the 25th of October.

748
00:51:03,594 --> 00:51:10,734
So in Lugano, so please people if you, if
you haven't Lugano, you have one reason

749
00:51:10,734 --> 00:51:14,634
more, get the Cypherpunk ticket for it.

750
00:51:15,174 --> 00:51:18,144
And, um, yeah.

751
00:51:18,474 --> 00:51:23,229
And when you use our travel service to
go there, you can actually Get, win a

752
00:51:23,229 --> 00:51:25,869
golden ticket to this specific event.

753
00:51:26,219 --> 00:51:31,639
So first come first serve, happy hunting,
let the Hunger Games begin, who can get

754
00:51:31,639 --> 00:51:34,599
the golden ticket to our white tasting.

755
00:51:35,409 --> 00:51:39,359
is there a picture of Lando Wonka
on this golden ticket of yours?

756
00:51:39,829 --> 00:51:42,429
And we are still working on the
design, it's cool to be you.

757
00:51:42,539 --> 00:51:42,889
It's cool.

758
00:51:43,829 --> 00:51:43,989
I'm

759
00:51:44,069 --> 00:51:46,059
I think Lando Wonka is a great idea.

760
00:51:46,614 --> 00:51:47,334
That could work.

761
00:51:47,794 --> 00:51:48,514
That could work.

762
00:51:48,514 --> 00:51:48,794
Yeah.

763
00:51:50,259 --> 00:51:52,099
I've got a golden ticket.

764
00:51:52,559 --> 00:51:53,149
Yes.

765
00:51:54,174 --> 00:51:54,364
Yeah.

766
00:51:54,364 --> 00:51:58,514
I won't be singing because I promised
my wife that I should not sing in public

767
00:51:58,554 --> 00:52:02,294
because like, I am not the best singer.

768
00:52:03,414 --> 00:52:08,564
Yes, I promised my wife that I would go as
far as to Lugano before I start singing.

769
00:52:08,564 --> 00:52:09,834
So that's, that's good.

770
00:52:09,874 --> 00:52:10,094
Yeah.

771
00:52:10,094 --> 00:52:10,404
Yeah.

772
00:52:10,734 --> 00:52:11,634
That's a fair point.

773
00:52:11,644 --> 00:52:14,664
So then we can sing
together appropriately.

774
00:52:15,793 --> 00:52:16,523
Fantastic.

775
00:52:16,563 --> 00:52:16,943
Yeah.

776
00:52:16,953 --> 00:52:18,633
Lugano is going to be great.

777
00:52:18,713 --> 00:52:19,203
Um,

778
00:52:19,495 --> 00:52:20,025
All good.

779
00:52:20,025 --> 00:52:21,545
And Lando, yeah, it's awesome.

780
00:52:21,545 --> 00:52:22,505
Like, uh, I mean.

781
00:52:22,905 --> 00:52:27,405
It's great to, to learn more about kind
of what's going on under the hood and

782
00:52:27,405 --> 00:52:31,445
I mean uh, just, just I'll comment on
my experience a little bit just in,

783
00:52:31,505 --> 00:52:33,505
in general with paying with Bitcoin.

784
00:52:33,505 --> 00:52:37,965
I mean, it's awesome to pay
for stuff with Bitcoin because

785
00:52:37,965 --> 00:52:39,705
it's just, it's just so easy.

786
00:52:39,715 --> 00:52:43,675
You get all of the fiat bullshit
completely out of the way and I mean, it's

787
00:52:43,675 --> 00:52:45,815
just a complete shift in mindset, right?

788
00:52:45,825 --> 00:52:49,635
Like, uh, there, there
is no one backstopping.

789
00:52:51,695 --> 00:52:55,085
Uh, uh, if you send, if you
send Bitcoin to someone, you're

790
00:52:55,085 --> 00:52:59,355
relying on the other party to, to
deliver what they're delivering.

791
00:52:59,615 --> 00:53:01,625
And so it's just a
complete, a complete flip.

792
00:53:01,635 --> 00:53:07,635
There, there's a, a bigger emphasis
on, on trust, on, on making sure that

793
00:53:07,635 --> 00:53:11,835
whoever is going to, to, uh, if someone
says they're going to do something, that

794
00:53:11,865 --> 00:53:13,345
they actually are going to do something.

795
00:53:13,345 --> 00:53:15,855
It's, it's a total mindset
shift, but it's so easy.

796
00:53:15,865 --> 00:53:17,740
That's the, That's the best part.

797
00:53:18,200 --> 00:53:22,720
And I mean, the other thing that I
hear people kind of get hung up on as

798
00:53:22,720 --> 00:53:25,540
well is that, well, they don't want
to spend their Bitcoin on anything.

799
00:53:25,540 --> 00:53:26,840
They'd rather spend their fiat.

800
00:53:26,840 --> 00:53:29,400
And it's like, well, okay,
yeah, yeah, that's, that's fine.

801
00:53:29,930 --> 00:53:33,140
Uh, it's, it's fine to hodl and
everything, but on the other

802
00:53:33,140 --> 00:53:35,420
hand, just spend and replace.

803
00:53:35,420 --> 00:53:37,380
I mean, that's, that's the
easiest solution to this.

804
00:53:37,380 --> 00:53:42,125
It's like, If you're going to spend
some money on Bitcoin, well, then go, go

805
00:53:42,125 --> 00:53:45,605
stack by whatever method you want, right?

806
00:53:45,625 --> 00:53:50,115
And then you're whole, maybe even
put a little bit extra into it and

807
00:53:50,485 --> 00:53:51,715
just make that the way you do it.

808
00:53:51,715 --> 00:53:57,235
But, I mean, I mean, we, we, uh,
livers of the internet, like, like

809
00:53:57,235 --> 00:54:01,065
we, we live on the internet, uh, now,
are connected with so many people

810
00:54:01,065 --> 00:54:02,845
through Twitter, Nostr, all of this.

811
00:54:03,255 --> 00:54:08,745
Like, being able to just freely transact
with anyone and not have to worry

812
00:54:08,745 --> 00:54:10,685
about, can I accept your currency?

813
00:54:10,685 --> 00:54:12,235
Can you accept my currency?

814
00:54:12,485 --> 00:54:13,195
You know what I mean?

815
00:54:13,435 --> 00:54:18,985
Like, it's seriously just so simple
and Bitcoiners really should try it.

816
00:54:19,005 --> 00:54:21,650
That's my Personal message on this.

817
00:54:21,650 --> 00:54:28,330
If there's any, if there's any like,
uh, if there's any, um, hangups on,

818
00:54:28,350 --> 00:54:30,230
on actually spending with Bitcoin.

819
00:54:30,320 --> 00:54:32,710
I think the one thing is,
is availability, right?

820
00:54:32,710 --> 00:54:34,590
So this is, this is just
coming back into it.

821
00:54:34,600 --> 00:54:39,180
Why it's so awesome to have Shop and Bid
and, and, and any other merchant that

822
00:54:39,190 --> 00:54:43,270
accepts Bitcoin, but Shop and Bid, like
you guys are out here, like flying the

823
00:54:43,270 --> 00:54:46,185
flag and, Oh, Spend your bitcoin on stuff.

824
00:54:46,185 --> 00:54:46,665
It's easy.

825
00:54:46,665 --> 00:54:47,775
We make it easy for you.

826
00:54:47,775 --> 00:54:50,395
And so it's, it's a, it's a great service.

827
00:54:50,685 --> 00:54:54,245
Uh, actually, I'm going to, I'm going
to come to a, uh, so that was all

828
00:54:54,245 --> 00:54:57,735
commentary, but like practical question
on this, like it's, it's European

829
00:54:57,735 --> 00:54:59,745
based, but, but it works worldwide.

830
00:54:59,745 --> 00:55:00,305
Is that true?

831
00:55:01,305 --> 00:55:01,805
Yes.

832
00:55:01,875 --> 00:55:06,845
So, um, the products that we have on the
website are directly available within

833
00:55:06,845 --> 00:55:13,410
the EU and Uh, some countries outside of
the EU, but I would recommend for people

834
00:55:13,410 --> 00:55:18,400
who are coming from outside of the EU to
just Uh, ask our concierge service first

835
00:55:18,400 --> 00:55:22,530
if we can ship the product there because
there are some restrictions on products.

836
00:55:22,940 --> 00:55:26,790
Um, for our Swiss customers, they
don't have to use the shopinbit.

837
00:55:26,830 --> 00:55:29,060
com website in the near future anymore.

838
00:55:29,060 --> 00:55:32,810
So 25th of October is our release date.

839
00:55:32,920 --> 00:55:33,820
So shopinbit.

840
00:55:34,170 --> 00:55:39,130
ch, um, will be the website
for our Swiss customers.

841
00:55:41,425 --> 00:55:47,155
Yeah, regarding spend and replace, I
think also that that's the best strategy.

842
00:55:47,665 --> 00:55:53,225
And I think as a general rule of
thumb for any Bitcoiners out there

843
00:55:53,225 --> 00:55:57,885
who are listening right now and still
on the fence about spending Bitcoin

844
00:55:58,865 --> 00:56:03,765
at all, the question is, why do you
still have so much fiat lying around?

845
00:56:04,675 --> 00:56:06,075
If you're so committed, right?

846
00:56:06,075 --> 00:56:13,515
So, um, I think the, um, being hesitant
about spending your Bitcoin and not

847
00:56:13,575 --> 00:56:18,325
replacing it or just outright refusing
to try out spend and replace is

848
00:56:18,335 --> 00:56:23,835
more due to not having a big enough
stack that you actually feel secure.

849
00:56:24,285 --> 00:56:27,285
So it's the same as if you
like have no savings at all.

850
00:56:27,285 --> 00:56:29,415
It doesn't matter if it's
Bitcoin or not, right?

851
00:56:29,845 --> 00:56:34,505
So having no savings at all is like a
dangerous way to live, even if you like

852
00:56:34,505 --> 00:56:40,615
to live dangerously, but You know, like,
having savings is a good idea regardless

853
00:56:40,635 --> 00:56:44,915
of the currency, but of course I would
recommend to have more savings in a

854
00:56:45,675 --> 00:56:50,945
currency that cannot be easily inflated
or actually programmable, not inflated.

855
00:56:51,155 --> 00:56:57,605
So, you know, just a train of thought,
maybe you just need some more Bitcoin.

856
00:56:58,175 --> 00:57:03,100
Because there is one point, at one
point, You have enough Bitcoin, and

857
00:57:03,260 --> 00:57:08,500
where you literally have no other
benefit of having more Bitcoin.

858
00:57:08,530 --> 00:57:11,950
Like Michael Saylor, like,
he's my favorite fiat bro.

859
00:57:12,230 --> 00:57:15,450
Because he's been talking
about getting gains on Bitcoin.

860
00:57:15,750 --> 00:57:17,660
What the fuck are you
talking about, right?

861
00:57:18,035 --> 00:57:19,915
This is not where Bitcoin comes from.

862
00:57:19,915 --> 00:57:22,145
We're not here for making gains.

863
00:57:22,145 --> 00:57:25,285
We're about having hard money and
living free markets and living

864
00:57:25,665 --> 00:57:27,635
the freedom infinity, right?

865
00:57:28,015 --> 00:57:32,155
It's why would you need
to have extra gains?

866
00:57:32,205 --> 00:57:34,175
He literally already has
over a thousand bitcoins.

867
00:57:34,555 --> 00:57:35,185
I know, five.

868
00:57:35,995 --> 00:57:36,435
Six.

869
00:57:36,595 --> 00:57:37,935
I don't know what the current numbers.

870
00:57:38,155 --> 00:57:39,158
I really don't care.

871
00:57:39,275 --> 00:57:39,515
But

872
00:57:42,505 --> 00:57:43,545
micro strategies.

873
00:57:47,525 --> 00:57:48,445
Oh my fucking god,

874
00:57:48,530 --> 00:57:50,750
over, over 1% of the supply

875
00:57:51,795 --> 00:57:53,565
much do you need anymore?

876
00:57:53,915 --> 00:57:55,455
Like there's literally no point.

877
00:57:55,655 --> 00:58:03,085
There is no point that if we achieve,
when we achieve the hyperbitcoinized

878
00:58:03,115 --> 00:58:08,575
world, there is no way any company
could spend that type of cash.

879
00:58:09,735 --> 00:58:13,535
Never, you can literally never go
bankrupt because there's, that's

880
00:58:13,715 --> 00:58:18,565
Rockefeller in comparison back in his
time, he would be like looking like a

881
00:58:18,565 --> 00:58:25,145
street bum to you if you had 1 percent
of the total supply of money available.

882
00:58:25,395 --> 00:58:27,155
Like, and then you
still need more Bitcoin?

883
00:58:27,925 --> 00:58:29,585
Like what type of life do you live?

884
00:58:29,605 --> 00:58:31,295
Are you like Smaug or something?

885
00:58:31,475 --> 00:58:36,935
You need to like, you want to sit on
a mountain and eat the money or what?

886
00:58:36,945 --> 00:58:38,595
That's some ridiculous thought.

887
00:58:39,450 --> 00:58:40,160
So to me, like,

888
00:58:40,990 --> 00:58:44,300
There are so many, so many things
to unpack here because that's

889
00:58:44,300 --> 00:58:46,070
a, it's a fun conversation.

890
00:58:46,070 --> 00:58:48,785
The whole yield on Bitcoin
thing, because the thing is.

891
00:58:49,600 --> 00:58:54,150
What I think, unfortunately,
even MicroStrategy will have

892
00:58:54,180 --> 00:58:57,430
to learn the lesson of not your
keys, not your coins, one day.

893
00:58:57,730 --> 00:59:02,020
Like, and so will El Salvador
and every other big institution

894
00:59:02,020 --> 00:59:04,290
that allegedly holds Bitcoin.

895
00:59:04,620 --> 00:59:08,380
Because at the end of the day, it's
just someone, it's in someone's brain,

896
00:59:08,380 --> 00:59:10,240
someone's keeping a secret from someone.

897
00:59:10,510 --> 00:59:13,020
That's what's keeping the Bitcoin safe.

898
00:59:13,150 --> 00:59:17,345
Even if you have a multisig, people can
collude with one another and They're

899
00:59:17,565 --> 00:59:21,675
like, it's, this stuff is tough,
like it's tough to secure a Bitcoin.

900
00:59:21,695 --> 00:59:24,375
So there comes a point
where the stack is so big.

901
00:59:24,405 --> 00:59:28,485
So it's just not worth it anymore
because the risk is too high.

902
00:59:28,525 --> 00:59:30,785
Like, so, so what you're
saying is entirely correct.

903
00:59:30,825 --> 00:59:33,905
It comes a point where your
Bitcoin are worth so much that it's

904
00:59:33,935 --> 00:59:36,275
costlier for you to keep them safe.

905
00:59:36,685 --> 00:59:41,605
than to just spend some of it and keep
that leveled out forever, so to speak.

906
00:59:41,835 --> 00:59:45,845
So on that note, I'd recommend for
everyone in the world who cannot

907
00:59:45,855 --> 00:59:51,345
spend and replace to not spend
until their stack is big enough.

908
00:59:51,395 --> 00:59:52,915
Like, spend after 10 years.

909
00:59:53,065 --> 00:59:54,445
HODL and spend later.

910
00:59:54,895 --> 00:59:58,015
Like, if you can't spend and
replace, if you can't spend and

911
00:59:58,015 --> 00:59:59,695
replace, then spend and replace.

912
01:00:00,045 --> 01:00:02,435
I mean, just be yourself.

913
01:00:02,735 --> 01:00:05,155
Except if you can be
Batman, then be Batman.

914
01:00:05,205 --> 01:00:06,605
That's the saying, right?

915
01:00:06,605 --> 01:00:08,885
Yeah,

916
01:00:08,950 --> 01:00:09,320
it better be

917
01:00:09,445 --> 01:00:10,995
it's exactly this.

918
01:00:11,375 --> 01:00:12,875
This is exactly what it's about.

919
01:00:12,875 --> 01:00:18,310
So, if you're not able to be Batman yet,
Just be yourself, hodl, shut the fuck

920
01:00:18,310 --> 01:00:23,310
up, sit down, stay humble, stack sats,
sell your shares, or all this stuff, and

921
01:00:23,310 --> 01:00:25,160
then be Batman, ten years down the line.

922
01:00:26,550 --> 01:00:31,040
and even if you don't want to sell
your chairs, there, there is a way

923
01:00:31,040 --> 01:00:34,650
to life, uh, in very different forms.

924
01:00:34,690 --> 01:00:37,930
Like, like you could also ask the
same question to Michael Saylor.

925
01:00:37,940 --> 01:00:39,560
Why is he not Batman?

926
01:00:39,720 --> 01:00:45,875
Because If you indirectly have access
to 1 percent of the total supply of

927
01:00:46,020 --> 01:00:47,210
How do you know who he isn't?

928
01:00:47,520 --> 01:00:49,070
He is Bitman after all, right?

929
01:00:49,670 --> 01:00:50,080
Uh, so.

930
01:00:50,080 --> 01:00:51,450
Heh heh.

931
01:00:52,475 --> 01:00:55,645
again, the question, why would
you need 5 percent gains on that?

932
01:00:55,735 --> 01:01:01,095
Like, there is no psychological upside
to having more Bitcoin at that point.

933
01:01:01,505 --> 01:01:05,705
Even if you like, but that's like,
you know, for like, um, there, there

934
01:01:05,730 --> 01:01:09,600
unless you're trying to big the build
the biggest company in the history

935
01:01:09,600 --> 01:01:13,020
of mankind and trying to be the
world's Bitcoin bank, at some point,

936
01:01:13,634 --> 01:01:17,034
do like, did you come to
Bitcoin to build a bank?

937
01:01:17,044 --> 01:01:19,224
Like, I'm sorry, but like,

938
01:01:19,409 --> 01:01:20,489
yeah, it's not gonna work.

939
01:01:20,489 --> 01:01:23,669
But, but it could be ex it
could explain the ambition.

940
01:01:24,719 --> 01:01:27,689
I'm just saying I'm not,
I'm not advocating for it.

941
01:01:27,689 --> 01:01:31,679
I'm just saying this could be an
explainer for the incentive, or you just

942
01:01:31,679 --> 01:01:35,989
want to be altruistic as fuck because
you want to die with the entire stack

943
01:01:36,539 --> 01:01:37,949
and take it with you to your grave.

944
01:01:37,949 --> 01:01:40,019
And thereby, uh, thereby.

945
01:01:40,689 --> 01:01:45,939
Making everyone, uh, you know,
indirectly richer in Bitcoin

946
01:01:45,949 --> 01:01:48,669
because scarcity goes up.

947
01:01:50,524 --> 01:01:53,814
okay, maybe that's just
not the strategy for me.

948
01:01:54,649 --> 01:01:55,299
Exactly.

949
01:01:55,409 --> 01:01:59,149
But, you know, as, as you know,
since you're a Rothbardian, we all

950
01:01:59,149 --> 01:02:00,839
have different motives, you know?

951
01:02:01,244 --> 01:02:01,664
Yeah.

952
01:02:01,764 --> 01:02:02,084
Yeah.

953
01:02:02,134 --> 01:02:02,574
That's.

954
01:02:02,929 --> 01:02:06,789
That's, uh, I, I have to, I have
to think about what his motives

955
01:02:06,839 --> 01:02:12,429
could be, but I was, I was just very
appalled of this 5 percent gain thing

956
01:02:12,899 --> 01:02:13,499
Me too.

957
01:02:13,709 --> 01:02:14,729
Like, because,

958
01:02:14,759 --> 01:02:16,429
me like, bro,

959
01:02:16,549 --> 01:02:20,739
no, but, but the thing is, that
works as long as fiat works.

960
01:02:20,739 --> 01:02:26,619
But the more, the more, the funny thing
is about all of these, fiat midterm

961
01:02:26,629 --> 01:02:31,689
strategies, is that all roads lead to
bitcoin in the end, because bitcoin

962
01:02:31,699 --> 01:02:35,659
is the only way to protect yourself
from exactly these types of games.

963
01:02:36,024 --> 01:02:39,924
So they might work for another 50 years,
but in the end, they won't work anymore

964
01:02:39,924 --> 01:02:41,444
because people won't fall for it.

965
01:02:41,914 --> 01:02:43,094
And it's not risk free.

966
01:02:43,374 --> 01:02:48,524
Like, if, if you, like, take out
loans and stuff and do stuff with your

967
01:02:48,524 --> 01:02:53,474
Bitcoin that is other stuff than just
hodling them, then you are more at risk.

968
01:02:53,504 --> 01:02:58,274
Like, it's a, uh, If you just hodl
them, the risk is practically zero.

969
01:02:59,514 --> 01:03:05,604
Like all the risk is with the, the,
uh, like the entire network, like the

970
01:03:05,604 --> 01:03:08,134
risk, the personal risk is almost zero.

971
01:03:08,154 --> 01:03:12,564
If you just take control of your
keys and don't do anything with them.

972
01:03:13,744 --> 01:03:18,504
But as soon as you start trying
to make your bitcoins work

973
01:03:18,504 --> 01:03:19,888
for you and all of this stuff.

974
01:03:20,189 --> 01:03:24,809
Then there is some, then you
introduce more risk nevertheless.

975
01:03:25,329 --> 01:03:31,579
So, so I think that these things will
inevitably, like extrapolating as far

976
01:03:31,579 --> 01:03:37,254
into the future as you need, uh, the, it's
inevitable at some point that all the, the

977
01:03:37,629 --> 01:03:46,059
bitcoins that are at risk will disperse
and go to safer havens within the network.

978
01:03:46,588 --> 01:03:47,168
Exactly.

979
01:03:47,698 --> 01:03:48,288
Exactly.

980
01:03:48,308 --> 01:03:54,563
So I guess the best point of, uh, or a
course of action that you could take.

981
01:03:54,943 --> 01:03:59,463
It's to just accept Bitcoin
and be a part of it.

982
01:03:59,463 --> 01:04:06,103
Like it can be anything like
hairdressers, restaurants, ghost writers.

983
01:04:06,323 --> 01:04:07,133
I don't know.

984
01:04:08,043 --> 01:04:10,553
If you are a hairdresser,
don't sell your chairs.

985
01:04:11,323 --> 01:04:11,753
Yeah.

986
01:04:11,768 --> 01:04:15,098
would suck to stand up
and get your hair cut.

987
01:04:15,148 --> 01:04:18,538
And if you need new chairs, you
can go to ShopInBit and buy them.

988
01:04:20,483 --> 01:04:20,843
Yes.

989
01:04:20,863 --> 01:04:21,163
Yes.

990
01:04:21,223 --> 01:04:21,633
You did.

991
01:04:21,798 --> 01:04:24,768
and shipped to any hair
salon in the world.

992
01:04:25,393 --> 01:04:25,823
Yeah.

993
01:04:26,143 --> 01:04:28,393
Uh, that, that is also the case.

994
01:04:28,403 --> 01:04:33,393
So, um, I think that will be like
my, my wish for all your listeners

995
01:04:33,393 --> 01:04:37,403
is like, if you have the chance
to accept Bitcoin, please do it.

996
01:04:38,488 --> 01:04:43,508
Be the brand awareness campaign
that literally makes you more money.

997
01:04:44,508 --> 01:04:48,948
That's, that's what it means
to accept Bitcoin directly.

998
01:04:48,968 --> 01:04:50,868
Because it's literally
just brand awareness.

999
01:04:50,868 --> 01:04:54,588
If people see that they can spend
their Bitcoin at every corner

1000
01:04:54,608 --> 01:04:56,638
on the internet or in real life.

1001
01:04:57,308 --> 01:04:59,748
Then this is the perfect
signal to send out.

1002
01:04:59,798 --> 01:05:07,478
And also, um, you can just live a better,
freer life by accepting Bitcoin because

1003
01:05:08,108 --> 01:05:11,198
all your income is not tied to fiat money.

1004
01:05:11,803 --> 01:05:16,683
Railways, which can be blocked at any
time for giving the wrong comments

1005
01:05:16,733 --> 01:05:21,803
on the wrong forum or just being at
the wrong place at the wrong time.

1006
01:05:22,673 --> 01:05:24,563
Just need to accept Bitcoin.

1007
01:05:24,923 --> 01:05:30,123
This is a very little task and
please don't come at me with talks

1008
01:05:30,123 --> 01:05:31,873
about it's complicated to do it.

1009
01:05:32,703 --> 01:05:37,733
I was able to do it and my programming
skills are javascript children course.

1010
01:05:38,303 --> 01:05:41,853
Khan Academy, the guys from
BTC pay server, they made it.

1011
01:05:42,208 --> 01:05:46,468
It's so easy to accept Bitcoin directly.

1012
01:05:46,878 --> 01:05:49,588
You cannot tell me that you can't do it.

1013
01:05:49,988 --> 01:05:54,278
And if you really have problems setting
it up, and if you have a company,

1014
01:05:54,628 --> 01:05:59,298
then just go to your IT admin and
tell him, and he will tell you that

1015
01:05:59,318 --> 01:06:01,078
he can install it in two minutes.

1016
01:06:01,648 --> 01:06:02,688
It's ready to roll.

1017
01:06:03,028 --> 01:06:04,228
It's so simple.

1018
01:06:04,338 --> 01:06:09,998
Like seriously, this is, um, this
is the easiest thing you can do.

1019
01:06:10,438 --> 01:06:12,088
It costs little time.

1020
01:06:12,713 --> 01:06:14,233
And you make Bitcoin with it.

1021
01:06:14,843 --> 01:06:18,083
There shouldn't be a discussion,
but somehow, it still is.

1022
01:06:19,418 --> 01:06:21,238
And I'll echo this as well.

1023
01:06:21,248 --> 01:06:24,370
That's what our site
runs on, bitcoininfinity.

1024
01:06:24,370 --> 01:06:27,076
com or bitcoininfinitystore.

1025
01:06:27,076 --> 01:06:27,978
com.

1026
01:06:27,978 --> 01:06:32,068
We're not on the same level as
you with Shop and Bid in terms of

1027
01:06:32,068 --> 01:06:37,928
selection, but all of our books from
Lemniscape Media plus all these other

1028
01:06:37,928 --> 01:06:39,398
things, we accept Bitcoin for it.

1029
01:06:39,408 --> 01:06:40,588
That's the entire point.

1030
01:06:41,068 --> 01:06:42,188
I'm setting up that website.

1031
01:06:42,188 --> 01:06:45,458
We could have just, we could have just set
up the publishing company through Amazon,

1032
01:06:45,458 --> 01:06:50,008
put the books on Amazon, people can get
books there, but, but we made the website

1033
01:06:50,248 --> 01:06:55,678
100 percent only because we could accept
Bitcoin with it and we use BTC pay server.

1034
01:06:55,698 --> 01:07:00,108
There's, there is no second best when
it comes to, to that at this point.

1035
01:07:01,878 --> 01:07:02,508
I'll second that.

1036
01:07:02,508 --> 01:07:08,388
So please buy, uh, buy books and our
merge from bitcoin infinity store.com.

1037
01:07:09,038 --> 01:07:12,738
If you need giant green things,
you go to ShopInBit instead.

1038
01:07:13,208 --> 01:07:16,548
And sometimes, it's better
to light a giant green candle

1039
01:07:16,548 --> 01:07:17,858
than curse the darkness.

1040
01:07:18,203 --> 01:07:19,693
That's the saying of the day, I think.

1041
01:07:20,178 --> 01:07:20,778
Perfect.

1042
01:07:23,338 --> 01:07:23,968
I love it.

1043
01:07:24,118 --> 01:07:28,948
I will steal that and put it as your
recommendation on our website flight.

1044
01:07:30,516 --> 01:07:35,116
All right, Lando, it's been a lovely
conversation and we're looking forward

1045
01:07:35,116 --> 01:07:39,106
to all the fun things we'll do in the
future, conferencing wise and business

1046
01:07:39,116 --> 01:07:44,036
wise and just hanging out wise and wine
tasting wise and wise old man wise.

1047
01:07:44,556 --> 01:07:48,766
So, except for ShopInBit, is there
anywhere else you want to direct

1048
01:07:48,766 --> 01:07:50,506
our listeners to on the internet?

1049
01:07:51,081 --> 01:07:56,031
Um, so shop in.com/bitcoin.

1050
01:07:56,031 --> 01:08:00,831
Infinity is, uh, our, uh,
landing page for Luke and Knu.

1051
01:08:00,921 --> 01:08:05,211
So if you want to have the
chance to win the golden ticket.

1052
01:08:05,716 --> 01:08:09,156
And also get the first hour
free consultation for your

1053
01:08:09,156 --> 01:08:11,096
travel needs by trading.

1054
01:08:11,516 --> 01:08:13,716
You go through this link, shopinbit.

1055
01:08:13,936 --> 01:08:19,176
com slash Bitcoin infinity, book
it there, have some fun, have nice

1056
01:08:19,186 --> 01:08:22,766
traveling to Lugano, and hopefully
we'll see you at the wine tasting.

1057
01:08:23,216 --> 01:08:28,666
Um, otherwise we are on Twitter,
Instagram, but not yet on Nostr.

1058
01:08:29,556 --> 01:08:35,706
Me myself, I'm on Nostr, but I post so
sparingly because I literally, I just

1059
01:08:36,426 --> 01:08:38,986
spend time with my family and work.

1060
01:08:39,536 --> 01:08:41,616
There's no in between, like, I'm a madman.

1061
01:08:42,271 --> 01:08:48,001
you're, you're busy
selling shares, aren't you?

1062
01:08:48,116 --> 01:08:48,596
troubles.

1063
01:08:49,076 --> 01:08:52,516
So, please check out shopabit.

1064
01:08:52,556 --> 01:08:53,656
com and

1065
01:08:53,741 --> 01:08:55,331
For all your lubing needs.

1066
01:08:55,401 --> 01:08:55,711
Yes.

1067
01:08:55,896 --> 01:09:00,236
And if you're from Switzerland,
you can check out shopinbit.

1068
01:09:00,276 --> 01:09:00,766
ch.

1069
01:09:01,256 --> 01:09:04,356
It will be going online on the
25th, but right now you can

1070
01:09:04,766 --> 01:09:07,016
sign up for our newsletter.

1071
01:09:07,216 --> 01:09:11,406
And we are very happy if you use
your simple login email addresses and

1072
01:09:11,426 --> 01:09:13,986
not your clear name email addresses.

1073
01:09:14,026 --> 01:09:15,146
Please don't do that.

1074
01:09:15,656 --> 01:09:20,736
Use some kind of obfuscation for
emails or at least make a secondary

1075
01:09:20,736 --> 01:09:23,596
email address that is not directly
connected to your real name.

1076
01:09:24,081 --> 01:09:25,741
For more privacy, of course.

1077
01:09:26,261 --> 01:09:28,641
And, uh, yeah, I think that's it.

1078
01:09:28,861 --> 01:09:29,091
Yeah.

1079
01:09:29,931 --> 01:09:30,191
Yeah.

1080
01:09:30,191 --> 01:09:31,251
Fantastic tips.

1081
01:09:31,851 --> 01:09:34,711
So, uh, once again, Lando, thank you.

1082
01:09:34,851 --> 01:09:37,771
And, um, uh, see you in Lugano.

1083
01:09:37,821 --> 01:09:40,011
I love that you picked
the 25th of October.

1084
01:09:40,031 --> 01:09:41,731
That's one of my favorite dates as well.

1085
01:09:42,481 --> 01:09:43,471
I'll tell you later why.

1086
01:09:43,791 --> 01:09:44,041
Yeah.

1087
01:09:44,051 --> 01:09:45,471
Thank you for the invitation.

1088
01:09:45,841 --> 01:09:51,081
And, uh, I wish you all the success
with the Freedom Infinity Show.

1089
01:09:51,111 --> 01:09:53,381
I would just call it like that for now.

1090
01:09:53,621 --> 01:09:56,191
It's the Freedom Infinity
Show with Luke and Knut.

1091
01:09:56,331 --> 01:10:00,081
So please, uh, subscribe,
like, share, whatever.

1092
01:10:00,191 --> 01:10:02,491
I don't know how this works,
but please do that if you're

1093
01:10:02,801 --> 01:10:03,231
Yes.

1094
01:10:03,251 --> 01:10:04,001
Brush your teeth.

1095
01:10:04,051 --> 01:10:05,321
That's the only thing you left out.

1096
01:10:05,451 --> 01:10:05,861
Oh yeah.

1097
01:10:05,949 --> 01:10:06,263
Ha!

1098
01:10:06,263 --> 01:10:06,576
Ha!

1099
01:10:07,331 --> 01:10:08,691
Absolutely awesome, Lando.

1100
01:10:08,691 --> 01:10:10,281
This has been a blast.

1101
01:10:10,331 --> 01:10:11,021
Thanks again.

1102
01:10:11,021 --> 01:10:12,771
I'll echo that from Knut.

1103
01:10:12,811 --> 01:10:14,131
Looking forward to seeing you.

1104
01:10:14,181 --> 01:10:16,681
And this has been the
Bitcoin Infinity Show.

1105
01:10:16,681 --> 01:10:18,371
I guess I think I have to stay on brand.

1106
01:10:18,981 --> 01:10:19,871
Thanks for listening.