The 4 Properties | Decentralised, Self-Sovereignty, Permissionless & Value Transfer: täielik transkriptsioon

in episode 394 45 00:01:37,847 --> 00:01:38,223 of the Mere Mortals, and 46 00:01:39,432 --> 00:01:41,017 I actually went to a Bitcoin meet up 47 00:01:41,017 --> 00:01:43,269 not too long ago and did a condensed 48 00:01:43,269 --> 00:01:44,729 version of this presentation. 49 00:01:44,729 --> 00:01:45,897 I thought, You know what, 50 00:01:45,897 --> 00:01:46,940 this is probably a better way 51 00:01:46,940 --> 00:01:48,858 of presenting these four properties 52 00:01:48,858 --> 00:01:50,318 in this kind of condensed version. 53 00:01:50,318 --> 00:01:51,361 I was going to string it out 54 00:01:51,361 --> 00:01:53,446 over a couple of episodes, but I went, No, 55 00:01:53,446 --> 00:01:55,865 let's do this four properties. 56 00:01:55,865 --> 00:01:57,325 So what are these four properties 57 00:01:57,325 --> 00:01:58,660 and why are they important? 58 00:01:58,660 --> 00:01:59,953 Well, I think they're important 59 00:01:59,953 --> 00:02:03,706 because they're a link between these three things 60 00:02:03,706 --> 00:02:05,333 which have just captured my attention 61 00:02:05,333 --> 00:02:06,626 over the last three years 62 00:02:06,626 --> 00:02:08,545 and which I really do think 63 00:02:08,545 --> 00:02:10,046 are going to change the future 64 00:02:10,046 --> 00:02:11,172 and change it for the better. 65 00:02:11,172 --> 00:02:15,552 So these three things, so obviously podcasting, 66 00:02:15,760 --> 00:02:18,263 the value for value model and Bitcoin, 67 00:02:18,263 --> 00:02:19,347 but you know, I'm doing 68 00:02:19,347 --> 00:02:21,641 two of them right now at the same moment, 69 00:02:21,641 --> 00:02:22,767 talking about the value 70 00:02:22,767 --> 00:02:25,770 of a value through the, the method of podcasting 71 00:02:25,770 --> 00:02:28,773 and the way that I help, you know, 72 00:02:28,857 --> 00:02:31,025 keep myself afloat and pay for cost for 73 00:02:31,025 --> 00:02:32,777 this show is through Bitcoin. 74 00:02:32,777 --> 00:02:35,864 So we've definitely got this strong emphasis 75 00:02:35,864 --> 00:02:37,365 on these three things here. 76 00:02:37,365 --> 00:02:39,159 And I was 77 00:02:39,159 --> 00:02:40,160 I didn't know what it was, 78 00:02:40,160 --> 00:02:41,452 but I was just contemplating. 79 00:02:41,452 --> 00:02:44,080 I went, you know what, these three things, 80 00:02:44,080 --> 00:02:45,123 they seem to have these 81 00:02:45,123 --> 00:02:48,293 core aspects to them, which I think 82 00:02:48,293 --> 00:02:51,504 make them valuable, which make them useful 83 00:02:51,504 --> 00:02:54,549 and which are what I think the future 84 00:02:54,549 --> 00:02:56,050 is trending towards. 85 00:02:56,050 --> 00:02:59,345 And when I say the future, I just mean in general, 86 00:02:59,596 --> 00:03:00,847 what do humans want? 87 00:03:00,847 --> 00:03:04,100 What enables us to get us what we want best, 88 00:03:04,100 --> 00:03:04,517 I guess. 89 00:03:04,517 --> 00:03:06,603 And I think these four properties help do it. 90 00:03:06,603 --> 00:03:09,606 So the four properties just listing them off 91 00:03:09,606 --> 00:03:12,525 a decentralised or decentralisation 92 00:03:12,525 --> 00:03:15,486 of self sovereignty, of being permissionless 93 00:03:15,486 --> 00:03:16,905 and a value transfer. 94 00:03:16,905 --> 00:03:20,283 And I am somewhat of a stickler sometimes 95 00:03:20,325 --> 00:03:22,243 for four definitions. I think it helps a lot. 96 00:03:22,243 --> 00:03:24,037 And so I'm going to give 97 00:03:24,037 --> 00:03:26,956 a couple of definitions of this so decentralised. 98 00:03:26,956 --> 00:03:27,999 This is when agents 99 00:03:27,999 --> 00:03:30,126 have the ability to act locally 100 00:03:30,126 --> 00:03:33,004 and so agents in this case can be, 101 00:03:33,004 --> 00:03:34,923 you know, just entities of any sort. 102 00:03:34,923 --> 00:03:37,342 It could be animals, it could be us humans, 103 00:03:37,342 --> 00:03:39,886 it could be our thoughts, it could be ideas, 104 00:03:39,886 --> 00:03:40,678 it could be A.I. 105 00:03:40,678 --> 00:03:42,430 robots doesn't really matter what it is 106 00:03:42,430 --> 00:03:45,141 and the ability to act locally and on. 107 00:03:45,141 --> 00:03:48,144 This is on the ground in your local area. 108 00:03:48,895 --> 00:03:51,522 One of the things where I first originally heard 109 00:03:51,522 --> 00:03:55,485 about decentralisation was in an army context 110 00:03:55,485 --> 00:03:59,864 and they wanted to have the people on the ground 111 00:03:59,864 --> 00:04:01,532 the ability to act locally. 112 00:04:01,532 --> 00:04:03,910 So instead of having this chain of command 113 00:04:03,910 --> 00:04:06,913 going all the way up to the supreme commander 114 00:04:06,913 --> 00:04:09,916 of the the Allied forces or whatever it is, 115 00:04:09,999 --> 00:04:12,210 and that person micromanaging and saying, 116 00:04:12,210 --> 00:04:12,669 you know, 117 00:04:12,669 --> 00:04:13,962 these people over here should do 118 00:04:13,962 --> 00:04:15,755 this, this army should do this. 119 00:04:15,755 --> 00:04:16,589 No, it was like, no, 120 00:04:16,589 --> 00:04:17,799 we should decentralise this. 121 00:04:17,799 --> 00:04:19,425 And then allow the 122 00:04:19,425 --> 00:04:22,178 individuals on the ground who are seeing things 123 00:04:22,178 --> 00:04:24,973 vibrantly as they're happening and going, 124 00:04:24,973 --> 00:04:26,349 you know, it's not a great idea 125 00:04:26,349 --> 00:04:27,976 to storm that beach. 126 00:04:27,976 --> 00:04:29,560 We could go around the side 127 00:04:29,560 --> 00:04:32,313 and this will result in way less casualties 128 00:04:32,313 --> 00:04:33,856 and will get the job done better. 129 00:04:33,856 --> 00:04:34,857 So it's this 130 00:04:34,857 --> 00:04:36,192 idea of having, 131 00:04:36,192 --> 00:04:36,609 okay, 132 00:04:36,609 --> 00:04:37,485 you're

not going to be able 133 00:04:37,485 --> 00:04:40,488 to manage everything from top down 134 00:04:40,530 --> 00:04:43,992 and and make the world a perfect place. 135 00:04:44,200 --> 00:04:46,077 You know, the world is just too dynamic. 136 00:04:46,077 --> 00:04:47,662 There's too many things going on 137 00:04:47,662 --> 00:04:50,665 where you can't have the central authority and, 138 00:04:50,665 --> 00:04:52,166 you know, decentralised. 139 00:04:52,166 --> 00:04:54,085 What's the opposite of that? Well, centralised. 140 00:04:54,085 --> 00:04:56,170 You can't have the central authority 141 00:04:56,170 --> 00:04:58,131 dictating from the very top 142 00:04:58,131 --> 00:05:01,342 and going all the way down and and having 143 00:05:01,634 --> 00:05:02,802 useful outcomes. 144 00:05:02,802 --> 00:05:06,347 And we've seen this in large scale of governments 145 00:05:06,347 --> 00:05:07,598 trying to do this with money. 146 00:05:07,598 --> 00:05:10,435 It typically tends to break over the long term 147 00:05:10,435 --> 00:05:12,729 of governments trying to control 148 00:05:12,729 --> 00:05:14,981 the markets economy. 149 00:05:14,981 --> 00:05:16,357 Looking at the U.S. 150 00:05:16,357 --> 00:05:17,775 here, you know what happens? 151 00:05:17,775 --> 00:05:19,986 Well, pricing signals get all out of whack 152 00:05:19,986 --> 00:05:21,279 and things don't tend to work. 153 00:05:21,279 --> 00:05:24,157 So decentralised that is what that one is 154 00:05:24,157 --> 00:05:25,241 self-sovereign anti. 155 00:05:25,241 --> 00:05:26,409 So this is having the 156 00:05:26,409 --> 00:05:29,912 exclusive control over a moral right now. 157 00:05:29,912 --> 00:05:33,958 Typically this is in the idea of a 158 00:05:33,958 --> 00:05:36,336 a body or an identity 159 00:05:36,336 --> 00:05:38,671 and we'll be talking about why in this case 160 00:05:38,671 --> 00:05:39,630 it's more in 161 00:05:39,630 --> 00:05:40,715 ideas and speech 162 00:05:40,715 --> 00:05:43,301 when when we apply it to podcasting. 163 00:05:43,301 --> 00:05:45,970 But this is just the idea basically. 164 00:05:45,970 --> 00:05:46,596 Well, 165 00:05:46,596 --> 00:05:47,764 who has the right to say 166 00:05:47,764 --> 00:05:48,931 what you want to do with your body 167 00:05:48,931 --> 00:05:51,434 if you want to get your ear pierced, 168 00:05:51,434 --> 00:05:54,312 who should say you can or can't do that? 169 00:05:54,312 --> 00:05:55,813 If you want to get a tattoo, 170 00:05:55,813 --> 00:05:57,190 if you want to have an abortion, 171 00:05:57,190 --> 00:05:59,108 if you want to 172 00:05:59,108 --> 00:06:01,069 physically transfer yourself 173 00:06:01,069 --> 00:06:02,653 to another country, if you want to live 174 00:06:02,653 --> 00:06:05,615 somewhere else, you know who has the right 175 00:06:05,615 --> 00:06:06,657 to to do that. 176 00:06:06,657 --> 00:06:09,035 Now, typically we would all say, well, the person 177 00:06:09,035 --> 00:06:09,744 with the concept 178 00:06:09,744 --> 00:06:12,789 consciousness, so myself, yourself, 179 00:06:13,623 --> 00:06:15,833 but this is just where we go. 180 00:06:15,833 --> 00:06:17,293 We start to look at some things 181 00:06:17,293 --> 00:06:18,836 and we go, okay, 182 00:06:18,836 --> 00:06:20,338 what happens when when people don't 183 00:06:20,338 --> 00:06:23,800 have this exclusive control over a moral right 184 00:06:24,175 --> 00:06:26,386 and once again, bad outcomes 185 00:06:26,386 --> 00:06:29,680 tend to to come in place, We have people resenting 186 00:06:30,098 --> 00:06:31,516 the other person who's telling 187 00:06:31,516 --> 00:06:32,558 them what they should do. 188 00:06:33,601 --> 00:06:36,187 A funny little story here was my dad 189 00:06:36,187 --> 00:06:38,064 grew up in a Seventh Day 190 00:06:38,064 --> 00:06:42,235 Adventist church here in Australia in the 1950s. 191 00:06:42,235 --> 00:06:43,069 All his family, 192 00:06:43,069 --> 00:06:43,611 his family 193 00:06:43,611 --> 00:06:45,488 was very deep into the community 194 00:06:45,488 --> 00:06:47,865 because my grandfather was the pastor 195 00:06:47,865 --> 00:06:50,827 and I remember my dad telling me how, 196 00:06:51,285 --> 00:06:54,080 you know, it was so restrictive 197 00:06:54,080 --> 00:06:57,208 of what especially women could and couldn't wear, 198 00:06:57,333 --> 00:06:58,292 you know, piercings. 199 00:06:58,292 --> 00:07:00,586 Oh, absolute no, no tattoos, Absolute. 200 00:07:00,586 --> 00:07:01,754 No, no, no. 201 00:07:01,754 --> 00:07:04,841 Any address that shows a bit of skin, 202 00:07:04,841 --> 00:07:06,008 you know, if you're going to show 203 00:07:06,008 --> 00:07:08,136 midriff nowadays like you see nowadays. 204 00:07:08,136 --> 00:07:10,012 No, no, no, no, no. 205 00:07:10,012 --> 00:07:11,180 And so, 206 00:07:11,180 --> 00:07:11,514 you know, 207 00:07:11,514 --> 00:07:12,849 what typically happened in 208 00:07:12,849 --> 00:07:15,518 this environment was was the 209 00:07:15,518 --> 00:07:17,728 the kids would act out and they would act out 210 00:07:17,728 --> 00:07:20,773 and then even kind of crazier and harder manner. 211 00:07:21,065 --> 00:07:23,025 And that's getting slightly off topic. 212 00:07:23,025 --> 00:07:25,236 So I'll bring it back in. 213 00:07:25,236 --> 00:07:27,447 But definitely not being able to be 214 00:07:27,447 --> 00:07:30,616 Self-Sovereign has has some downsides. 215 00:07:30,616 --> 00:07:31,701 And I think 216 00:07:32,743 --> 00:07:34,245 having that for yourself 217 00:07:34,245 --> 00:07:34,829 leads you 218 00:07:34,829 --> 00:07:38,082 to having a better life and and optimising 219 00:07:38,082 --> 00:07:41,085 for the human growth and flourishing 220 00:07:41,419 --> 00:07:42,128 permissionless. 221 00:07:42,128 --> 00:07:43,796 So this means 222 00:07:43,796 --> 00:07:45,965 the definition does not require consent 223

00:07:45,965 --> 00:07:48,259 or thoughts or authorisation. 224 00:07:48,259 --> 00:07:49,719 You know, this is somewhat related 225 00:07:49,719 --> 00:07:51,596 to the self-sovereign aspect 226 00:07:51,596 --> 00:07:54,974 where it's basically just going, okay, hmm. 227 00:07:55,475 --> 00:07:59,562 I, I would rather do things which I can 228 00:07:59,562 --> 00:08:00,605 just do by myself. 229 00:08:00,605 --> 00:08:03,816 I don't have to have someone telling me 230 00:08:03,816 --> 00:08:06,819 what I can and can't do if I want to. 231 00:08:07,570 --> 00:08:08,279 You know, 232 00:08:08,279 --> 00:08:10,448 like I was saying, travel to another country. 233 00:08:10,448 --> 00:08:12,700 Do I need to add what is it? 234 00:08:12,700 --> 00:08:14,076 Is it better to have 235 00:08:14,076 --> 00:08:16,204 people saying I can or can't do that? 236 00:08:16,204 --> 00:08:18,247 I'm more in the aspect of 237 00:08:18,247 --> 00:08:21,250 everyone should be able to do whatever they want 238 00:08:21,667 --> 00:08:24,128 within the the caveat here, 239 00:08:24,128 --> 00:08:26,547 the reason of it's not hurting someone else. 240 00:08:27,590 --> 00:08:29,383 This once again can get into a 241 00:08:29,383 --> 00:08:32,053 a tricky topic of okay, well, 242 00:08:32,053 --> 00:08:35,348 some people will say, you know, not getting a 243 00:08:35,348 --> 00:08:38,351 vaccine is is harming me. 244 00:08:38,392 --> 00:08:42,897 I'm I think that that logic can extend too far 245 00:08:43,648 --> 00:08:46,317 and so I won't get into that either. 246 00:08:46,317 --> 00:08:49,320 But basically, I think being people being 247 00:08:49,362 --> 00:08:51,280 able to do what they want to do 248 00:08:51,280 --> 00:08:52,990 is something that is going to encourage 249 00:08:52,990 --> 00:08:55,034 human flourishing and make things better 250 00:08:55,034 --> 00:08:57,370 because people know what they want to do. 251 00:08:57,370 --> 00:08:58,996 And trying to stop 252 00:08:58,996 --> 00:09:01,290 that is just a whole mess in itself. 253 00:09:01,290 --> 00:09:02,875 The last one is value transfer. 254 00:09:02,875 --> 00:09:04,752 So this is moving value to another 255 00:09:04,752 --> 00:09:07,838 geographic location to a person or an entity. 256 00:09:08,756 --> 00:09:11,759 One of the fundamental aspects of of human 257 00:09:11,759 --> 00:09:13,636 humanity, to be honest, is just being able 258 00:09:13,636 --> 00:09:15,137 to barter is to 259 00:09:15,137 --> 00:09:17,181 is to recognising, okay, you know, 260 00:09:17,181 --> 00:09:19,183 one man's trash is another man's treasure. 261 00:09:19,183 --> 00:09:21,435 And so you can have trade 262 00:09:21,435 --> 00:09:24,689 where both parties come out better. 263 00:09:25,606 --> 00:09:28,526 Once again, this requires the mentality that 264 00:09:28,526 --> 00:09:31,445 the world is not a zero sum game. 265 00:09:31,445 --> 00:09:35,533 So essentially, if I take some money from someone 266 00:09:36,450 --> 00:09:38,035 that's that 267 00:09:38,035 --> 00:09:40,454 or I get some value from someone 268 00:09:40,454 --> 00:09:41,789 that I'm necessarily 269 00:09:41,789 --> 00:09:44,750 taking it from them, that the net sum is always 270 00:09:44,750 --> 00:09:46,377 going to be, let's just say 271 00:09:47,420 --> 00:09:49,297 $1 quadrillion. 272 00:09:49,297 --> 00:09:50,631 If I get 273 00:09:50,631 --> 00:09:52,758 in a 100,000 of that, that means 274 00:09:52,758 --> 00:09:54,719 that there is 100,000 less 275 00:09:54,719 --> 00:09:56,596 for someone else to have, 276 00:09:56,596 --> 00:09:57,638 which I think is incorrect. 277 00:09:57,638 --> 00:10:00,641 I don't think the the long 278 00:10:00,641 --> 00:10:03,644 span of human history supports that. 279 00:10:03,686 --> 00:10:05,021 So in this case, value 280 00:10:05,021 --> 00:10:07,231 transfer is just being able to recognise 281 00:10:07,231 --> 00:10:08,774 value is very subjective. 282 00:10:08,774 --> 00:10:09,817 People value 283 00:10:09,817 --> 00:10:11,235 different things differently 284 00:10:11,235 --> 00:10:15,114 and that we can actually have a better world 285 00:10:15,114 --> 00:10:17,950 by having value transfer and once again 286 00:10:17,950 --> 00:10:21,829 being able to move this in a and a way 287 00:10:21,829 --> 00:10:22,872 which is easier, 288 00:10:22,872 --> 00:10:25,499 better and stronger and faster 289 00:10:25,499 --> 00:10:27,168 and all of those sort of good things. 290 00:10:27,168 --> 00:10:27,710 Okay, 291 00:10:27,710 --> 00:10:28,961 so we've got our four properties 292 00:10:28,961 --> 00:10:31,505 and if you're looking at your screen now, 293 00:10:31,505 --> 00:10:32,173 I've set up 294 00:10:32,173 --> 00:10:35,926 a little chart, a table showing how these four, 295 00:10:36,135 --> 00:10:37,094 four properties 296 00:10:39,221 --> 00:10:42,224 accessible via these these three three 297 00:10:42,808 --> 00:10:43,851 things that I've been focusing 298 00:10:43,851 --> 00:10:45,394 on podcasting 299 00:10:45,394 --> 00:10:47,229 on the value for value model and Bitcoin. 300 00:10:47,229 --> 00:10:50,232 So I'll try and get into these 301 00:10:50,316 --> 00:10:51,942 in a relatively quick manner. 302 00:10:51,942 --> 00:10:53,944 So I'm not 303 00:10:53,944 --> 00:10:56,614 taking up too much of your time, I suppose. 304 00:10:56,614 --> 00:10:58,741 So let's start with decentralised. 305 00:10:58,741 --> 00:11:00,284 Podcasting is decentralised 306 00:11:00,284 --> 00:11:03,663 and one of the things with decentralised is in a 307 00:11:03,704 --> 00:11:05,706 when I'm applying it to these things, 308 00:11:05,706 --> 00:11:09,335 it it's kind of a metaphor in that the agents have 309 00:11:09,335 --> 00:11:10,795 the ability to act locally. 310 00:11:10,795 --> 00:11:12,213 So this is the people 311 00:11:12,213 --> 00:11:16,384 consuming or using this,

this, this topic. 312 00:11:16,384 --> 00:11:19,387 So podcasting value for value bitcoin, 313 00:11:19,553 --> 00:11:24,016 but there is typically one the central authority 314 00:11:24,016 --> 00:11:27,228 of not dictating but of being able 315 00:11:27,228 --> 00:11:28,771 to access to, to look at. 316 00:11:28,771 --> 00:11:31,273 So in the case of audio, 317 00:11:31,273 --> 00:11:33,109 the audio is available anywhere. 318 00:11:33,109 --> 00:11:35,569 So this has always been my motto for my podcasts. 319 00:11:35,569 --> 00:11:36,737 I want it available 320 00:11:36,737 --> 00:11:38,864 anytime, anywhere for anyone. 321 00:11:38,864 --> 00:11:40,950 Anyhow, I just want to get it out 322 00:11:40,950 --> 00:11:42,660 as, as broadly as possible. 323 00:11:42,660 --> 00:11:46,122 So this by necessity, means I'm going to be 324 00:11:46,288 --> 00:11:49,542 trying to get it on all of the different indexes 325 00:11:49,542 --> 00:11:50,626 that are out there. 326 00:11:50,626 --> 00:11:53,087 I am trying to make it 327 00:11:54,130 --> 00:11:57,133 as easy to access or I will put the, 328 00:11:57,133 --> 00:11:59,760 you know, links to audio on my own website. 329 00:11:59,760 --> 00:12:03,264 I will try and keep the file sizes down 330 00:12:03,264 --> 00:12:05,015 so people in other countries can get it. 331 00:12:05,015 --> 00:12:08,144 I will make sure that I won't have paywalls 332 00:12:08,144 --> 00:12:09,103 or anything like that 333 00:12:09,103 --> 00:12:12,106 so people can just get it anywhere, any time. 334 00:12:12,189 --> 00:12:13,566 But how are they going to get it? 335 00:12:13,566 --> 00:12:14,817 Well, through the RSS feed. 336 00:12:14,817 --> 00:12:17,611 So there is this kind of one central place 337 00:12:17,611 --> 00:12:19,113 which I control. 338 00:12:19,113 --> 00:12:22,199 But for the people who are wanting to access 339 00:12:22,199 --> 00:12:23,242 it, to use it, 340 00:12:23,242 --> 00:12:25,119 they can get it anywhere that they want. 341 00:12:25,119 --> 00:12:27,455 And this is why RSS is so great. 342 00:12:27,455 --> 00:12:28,497 They can get it on 343 00:12:28,497 --> 00:12:30,291 any of the podcasting apps, 344 00:12:30,291 --> 00:12:33,294 they can get it through my own website. 345 00:12:33,461 --> 00:12:34,420 There are 346 00:12:34,420 --> 00:12:37,423 if the good thing about the RSS feed is once again 347 00:12:37,423 --> 00:12:38,466 I can control it. 348 00:12:38,466 --> 00:12:39,884 And this is getting into the 349 00:12:39,884 --> 00:12:44,221 the self-sovereign aspect, but I, I can have that. 350 00:12:44,221 --> 00:12:48,058 And so I'm not limited to people who are 351 00:12:48,642 --> 00:12:49,852 just on YouTube, for example, 352 00:12:49,852 --> 00:12:51,479 and then they get kicked off YouTube. 353 00:12:51,479 --> 00:12:52,104 Well, 354 00:12:52,104 --> 00:12:54,356 their video is not available anywhere 355 00:12:54,356 --> 00:12:56,066 any time

at any place. 356 00:12:56,066 --> 00:12:57,568 No, it's only on YouTube. 357 00:12:57,568 --> 00:12:59,403 And then you've got this 358 00:12:59,403 --> 00:13:02,364 another access point of is that permissionless? 359 00:13:02,364 --> 00:13:03,115 No, not really. 360 00:13:04,241 --> 00:13:05,576 I'm mixing things up a little bit here. 361 00:13:05,576 --> 00:13:08,287 So we'll try and try and stay on point. 362 00:13:08,287 --> 00:13:09,288 The value for value model. 363 00:13:09,288 --> 00:13:10,748 So how is that decentralised? 364 00:13:10,748 --> 00:13:11,499 Well, 365 00:13:11,499 --> 00:13:13,209 I have multiple supporters, 366 00:13:13,209 --> 00:13:16,420 so I'm not beholden to one sponsor, 367 00:13:16,420 --> 00:13:19,215 I'm not beholden to one advertising company. 368 00:13:19,215 --> 00:13:20,382 And if you're following 369 00:13:20,382 --> 00:13:21,967 the podcasting industry at all 370 00:13:21,967 --> 00:13:25,513 now, you'll know that there's kind of probably 371 00:13:25,513 --> 00:13:27,431 an economic downturn coming. 372 00:13:27,431 --> 00:13:31,352 And what happens with that is that the companies 373 00:13:31,352 --> 00:13:35,439 who are doing advertising, who have the products, 374 00:13:35,439 --> 00:13:37,149 they cut their marketing budgets. 375 00:13:37,149 --> 00:13:40,152 So that means podcasters or content creators, 376 00:13:40,152 --> 00:13:42,822 they there's just going to be less money flowing in 377 00:13:42,822 --> 00:13:43,572 through the system. 378 00:13:43,572 --> 00:13:44,532 And so if you have 379 00:13:44,532 --> 00:13:46,784 just one of those or two of those, 380 00:13:46,784 --> 00:13:49,119 you're really going to start to feel the pinch. 381 00:13:49,119 --> 00:13:50,120 If you look at 382 00:13:50,120 --> 00:13:52,665 Jupiter Broadcasting, who I'll talk about later, 383 00:13:52,665 --> 00:13:54,124 they had a couple, one 384 00:13:54,124 --> 00:13:57,127 being the node, and Leonard has just said, 385 00:13:57,169 --> 00:13:59,505 now we we can't support you guys. 386 00:13:59,505 --> 00:13:59,964 We can't. 387 00:14:01,006 --> 00:14:03,175 And when I say support, we can't 388 00:14:03,175 --> 00:14:06,178 put ads with you and pay you because we just 389 00:14:06,178 --> 00:14:06,846 don't have the money. 390 00:14:06,846 --> 00:14:09,849 We need to run a bit leaner and meaner. 391 00:14:10,391 --> 00:14:11,976 The good thing with value for value 392 00:14:11,976 --> 00:14:13,185 is I have multiple spotters. 393 00:14:13,185 --> 00:14:16,397 I have just anyone who tunes into my show. 394 00:14:16,397 --> 00:14:19,024 And this can jump up into, 395 00:14:19,024 --> 00:14:19,358 you know, 396 00:14:19,358 --> 00:14:21,151 the relatively small for this show 397 00:14:21,151 --> 00:14:24,071 because it's new, because I don't do it that often. 398 00:14:24,071 --> 00:14:24,905 The stats wise. 399 00:14:24,905 --> 00:14:26,782 I didn't even check from the last

episode. 400 00:14:26,782 --> 00:14:28,701 I imagine it's maybe 100 people listen. 401 00:14:28,701 --> 00:14:30,452 And if you have a show 402 00:14:30,452 --> 00:14:32,204 like No Agenda with Adam Curry, 403 00:14:32,204 --> 00:14:34,123 where you've got a million people 404 00:14:34,123 --> 00:14:35,040 tuning in, 405 00:14:35,040 --> 00:14:36,458 that's a potential, 406 00:14:36,458 --> 00:14:37,960 potentially a million people 407 00:14:37,960 --> 00:14:40,421 who can help support the show. 408 00:14:40,421 --> 00:14:43,507 Very, very different and leaves you not as 409 00:14:43,549 --> 00:14:45,134 as at risk with 410 00:14:46,302 --> 00:14:48,721 with these changes that can come 411 00:14:48,721 --> 00:14:51,724 to broad scale economics, which no one can control. 412 00:14:52,057 --> 00:14:53,142 Once again, 413 00:14:53,142 --> 00:14:54,852 I and the kind of 414 00:14:54,852 --> 00:14:56,729 source of that, the source of truth 415 00:14:56,729 --> 00:14:58,731 is my pitch and my ask. 416 00:14:58,731 --> 00:15:00,691 And that can be very different. 417 00:15:00,691 --> 00:15:01,859 So some people, 418 00:15:01,859 --> 00:15:03,986 they can be focusing more on the money, Hey, 419 00:15:03,986 --> 00:15:06,405 I need money to help support me do this podcast 420 00:15:06,405 --> 00:15:07,156 for others. 421 00:15:07,156 --> 00:15:08,324 It can be, hey, 422 00:15:08,324 --> 00:15:11,994 I would rather actually just have your your you, 423 00:15:12,036 --> 00:15:14,705 you support this by telling another person, 424 00:15:14,705 --> 00:15:16,332 by sending in some feedback, 425 00:15:16,332 --> 00:15:18,918 by helping me set up this technical thing 426 00:15:18,918 --> 00:15:20,502 that I don't know how to do. 427 00:15:20,502 --> 00:15:21,211 What I do on 428 00:15:21,211 --> 00:15:22,880 this show is kind of a mix of that, 429 00:15:22,880 --> 00:15:25,716 but it's it's very much up to me as well. 430 00:15:25,716 --> 00:15:26,467 And once again, 431 00:15:26,467 --> 00:15:27,927 getting to the self-sovereign aspect, 432 00:15:27,927 --> 00:15:30,930 I can kind of control how I want to do that 433 00:15:31,263 --> 00:15:32,389 with Bitcoin. 434 00:15:32,389 --> 00:15:34,391 This is where we see 435 00:15:34,391 --> 00:15:37,478 it's very decentralised in terms of there's nodes, 436 00:15:37,770 --> 00:15:40,481 there is miners, there's developers 437 00:15:40,481 --> 00:15:41,857 and all of these people 438 00:15:41,857 --> 00:15:43,943 kind of work in harmony and they have 439 00:15:43,943 --> 00:15:46,111 their own reasons for doing what they're doing. 440 00:15:47,237 --> 00:15:49,615 But no, there's no central authority 441 00:15:49,615 --> 00:15:50,616 saying, okay, 442 00:15:50,616 --> 00:15:53,619 this is how many bitcoins are going to 443 00:15:54,036 --> 00:15:56,747 be be spread out and it's going 444 00:15:56,747 --> 00:15:57,831 to go to these people. 445 00:15:57,831 --> 00:15:59,166

And if you get in early 446 00:15:59,166 --> 00:16:01,001 and know about it, you can have this march. 447 00:16:01,001 --> 00:16:01,835 And so 448 00:16:01,835 --> 00:16:02,795 you don't have any of this 449 00:16:02,795 --> 00:16:05,798 kind of like insider trading or 450 00:16:07,091 --> 00:16:08,801 any any people trying to rip off 451 00:16:08,801 --> 00:16:13,263 any other people in the sense of doing it 452 00:16:13,263 --> 00:16:16,475 in a real underhanded kind of sneaky manner. 453 00:16:17,309 --> 00:16:17,559 Sure. 454 00:16:17,559 --> 00:16:19,603 The scams and things like that out there. 455 00:16:19,603 --> 00:16:21,146 But in this case, we're 456 00:16:21,146 --> 00:16:23,315 talking, okay, decentralised. 457 00:16:23,315 --> 00:16:26,318 Everyone is able to access it at their own point. 458 00:16:26,318 --> 00:16:29,822 I can act locally and help support the network 459 00:16:29,822 --> 00:16:33,701 by setting up a node by actually contributing 460 00:16:33,701 --> 00:16:36,453 to the the code of of Bitcoin 461 00:16:36,453 --> 00:16:39,581 or by mining it myself with a miner 462 00:16:39,581 --> 00:16:40,582 and contributing 463 00:16:40,582 --> 00:16:43,335 to the kind of security of the network. 464 00:16:43,335 --> 00:16:43,919 Once again, 465 00:16:43,919 --> 00:16:46,588 all of this has a single point of access, 466 00:16:46,588 --> 00:16:49,299 which is the the longest chain. 467 00:16:49,299 --> 00:16:51,635 So in this case that is the 468 00:16:51,635 --> 00:16:52,428 that is the one that 469 00:16:52,428 --> 00:16:55,139 people follow most because it's the 470 00:16:55,139 --> 00:16:57,391 by kind of by definition, it is the one that's 471 00:16:57,391 --> 00:17:00,144 had the most security applied to it. 472 00:17:00,144 --> 00:17:02,896 And and this is where we go, okay, awesome. 473 00:17:02,896 --> 00:17:03,522 This is 474 00:17:04,481 --> 00:17:05,983 a decentralised money. 475 00:17:05,983 --> 00:17:07,651 No one can control this money. 476 00:17:07,651 --> 00:17:11,530 It is controlled by the the majority suite. 477 00:17:11,780 --> 00:17:13,198 We've got those three aspects. 478 00:17:13,198 --> 00:17:14,742 Let's jump into Self-Sovereign. 479 00:17:14,742 --> 00:17:16,535 So for the podcasting, 480 00:17:16,535 --> 00:17:19,038 I can sell first or I can go with the company. 481 00:17:19,038 --> 00:17:20,080 The good thing about 482 00:17:20,080 --> 00:17:21,081 being self-sovereign, 483 00:17:21,081 --> 00:17:22,416 or it's more about 484 00:17:22,416 --> 00:17:23,917 having the ability to do it, 485 00:17:23,917 --> 00:17:25,169 which I think is important. 486 00:17:25,169 --> 00:17:27,880 So with all three of these things, 487 00:17:27,880 --> 00:17:29,590 I have the ability to sell first, 488 00:17:29,590 --> 00:17:31,216 or I can go with a company 489 00:17:31,216 --> 00:17:33,385 with the value for value model. 490 00:17:33,385 --> 00:17:35,262 I can choose 491

00:17:35,262 --> 00:17:39,475 how I want to do my ASP, or I can just just 492 00:17:41,393 --> 00:17:43,145 take from other people and say, 493 00:17:43,145 --> 00:17:45,189 What is this person doing? How they doing that? 494 00:17:45,189 --> 00:17:47,983 And there's no censorship from anyone, so there's 495 00:17:47,983 --> 00:17:50,986 no advertiser or a sponsor saying, 496 00:17:51,195 --> 00:17:54,490 Oh, you have to do this because, you know, 497 00:17:54,531 --> 00:17:55,365 you can't really say 498 00:17:55,365 --> 00:17:57,159 that about our product on the show 499 00:17:57,159 --> 00:17:59,119 or we really want you to say this way. 500 00:17:59,119 --> 00:17:59,745 No, I'm 501 00:17:59,745 --> 00:18:01,789 completely sovereign with 502 00:18:01,789 --> 00:18:04,541 the kind of income stream I'm getting in from 503 00:18:04,541 --> 00:18:05,042 from this. 504 00:18:05,042 --> 00:18:06,585 And in this case, 505 00:18:06,585 --> 00:18:08,629 there is no one single entity 506 00:18:08,629 --> 00:18:10,756 which can tell me, Hey, you can't do this, 507 00:18:10,756 --> 00:18:13,717 or you should should do this or shouldn't do that. 508 00:18:13,842 --> 00:18:16,136 And then with Bitcoin, you can be your own bank. 509 00:18:16,136 --> 00:18:17,513 You can say, 510 00:18:17,513 --> 00:18:18,013 You know what, 511 00:18:18,013 --> 00:18:21,016 I want to have control over my money. 512 00:18:21,850 --> 00:18:24,061 I'm comfortable with the risks 513 00:18:24,061 --> 00:18:25,395 and trade offs that come with that. 514 00:18:25,395 --> 00:18:28,482 Much like storing gold in your own house 515 00:18:28,482 --> 00:18:31,360 is has some risks and trade offs. With that, 516 00:18:32,444 --> 00:18:34,655 You have to keep it secure. 517 00:18:34,655 --> 00:18:36,365 You have to know what you're doing, 518 00:18:36,365 --> 00:18:38,492 but you also have a lot more control. 519 00:18:38,492 --> 00:18:41,078 And so if you want to send that money 520 00:18:41,078 --> 00:18:42,788 anywhere in the world, you can do that. 521 00:18:42,788 --> 00:18:46,625 If you want to not be at the mercy of a bank 522 00:18:47,167 --> 00:18:50,796 randomly just cutting off your access because a 523 00:18:51,004 --> 00:18:52,464 weird thing happened 524 00:18:52,464 --> 00:18:55,008 and someone sent you money who they shouldn't have. 525 00:18:55,008 --> 00:18:56,135 Or perhaps, 526 00:18:56,135 --> 00:18:56,468 you know, 527 00:18:56,468 --> 00:18:56,969 you've got 528 00:18:56,969 --> 00:19:00,055 an activist friend or perhaps you have 529 00:19:00,055 --> 00:19:01,390 a friend who's gone to jail. 530 00:19:01,390 --> 00:19:02,683 Perhaps you've gone to jail 531 00:19:02,683 --> 00:19:04,476 and now you're cut out of the system. 532 00:19:04,476 --> 00:19:05,978 There's a lot of different ways 533 00:19:05,978 --> 00:19:08,522 where having self sovereignty of your own 534 00:19:08,522 --> 00:19:10,816 money is very, very useful. 535 00:19:10,816 --> 00:19:12,526 And now if you've 536 00:19:12,526 --> 00:19:14,444 travelled around the world enough, 537 00:19:14,444 --> 00:19:17,447 you'll see that there's many countries where 538 00:19:17,739 --> 00:19:20,742 the money is just so distorted by politicians, 539 00:19:20,742 --> 00:19:23,829 by people in power that the small person 540 00:19:23,829 --> 00:19:26,290 on the ground, they don't have any 541 00:19:26,290 --> 00:19:28,500 real say in what happens. 542 00:19:28,500 --> 00:19:29,293 Permissionless. 543 00:19:29,293 --> 00:19:32,171 So the three aspects here 544 00:19:32,171 --> 00:19:34,047 with you want to do podcasting. 545 00:19:34,047 --> 00:19:36,550 Look, all you need is a mic and internet access. 546 00:19:36,550 --> 00:19:38,927 It is really, really easy to 547 00:19:40,179 --> 00:19:42,848 be able to do that 548 00:19:42,848 --> 00:19:44,558 with the value for value model. 549 00:19:44,558 --> 00:19:45,934 There's no gatekeepers. 550 00:19:45,934 --> 00:19:48,645 So once again, there's no one telling you, hey, 551 00:19:48,645 --> 00:19:50,772 you can't do this or you can do that 552 00:19:50,772 --> 00:19:53,066 or you can't say this or you can't say that 553 00:19:53,066 --> 00:19:55,485 because it's it's permissionless. 554 00:19:55,485 --> 00:19:58,447 I can I can just ask for what exactly what I want. 555 00:19:58,655 --> 00:20:01,366 And then with Bitcoin, you can earn, buy, sell 556 00:20:01,366 --> 00:20:02,326 and transact in it. 557 00:20:02,326 --> 00:20:04,453 So you can definitely see how 558 00:20:04,453 --> 00:20:05,621 this is permissionless. 559 00:20:05,621 --> 00:20:08,874 There is no bank saying no. 560 00:20:08,874 --> 00:20:11,960 You're only allowed to withdraw $2,000 per day 561 00:20:11,960 --> 00:20:14,963 instead of whatever amount you want. 562 00:20:15,047 --> 00:20:18,217 No, we don't want you sending money overseas. 563 00:20:18,508 --> 00:20:20,886 Another classic example for me is 564 00:20:20,886 --> 00:20:22,512 I wanted to buy a shirt 565 00:20:22,512 --> 00:20:25,515 from some podcasters in the UK, 566 00:20:25,641 --> 00:20:27,726 and you know, just to support 567 00:20:27,726 --> 00:20:29,394 them out basically. And 568 00:20:30,395 --> 00:20:32,314 they didn't really have a 569 00:20:32,314 --> 00:20:35,776 a store or anything like that set up. 570 00:20:36,026 --> 00:20:36,985 And so I just did it 571 00:20:36,985 --> 00:20:38,862 through my own bank to their bank. 572 00:20:38,862 --> 00:20:41,865 Man, what an absolute nightmare of, 573 00:20:41,949 --> 00:20:46,620 of trying to, to send them 25 or 30 AUD, 574 00:20:46,620 --> 00:20:48,914 whatever it was a tiny amount 575 00:20:48,914 --> 00:20:52,084 to the UK, you know, practically brothers that 576 00:20:52,668 --> 00:20:53,919 you know I'm their offspring 577 00:20:53,919 --> 00:20:57,339 from the bad offspring, the convict offspring. 578 00:20:57,756 --> 00:21:00,092

And it was just an absolute nightmare. 579 00:21:00,092 --> 00:21:03,095 That was it certainly wasn't 580 00:21:03,136 --> 00:21:05,764 permissionless because I had to 581 00:21:05,764 --> 00:21:08,725 basically find out this guy's bank, 582 00:21:08,725 --> 00:21:12,396 the exact location of his branch of the bank, 583 00:21:12,938 --> 00:21:14,856 his name, his wife's name. 584 00:21:14,856 --> 00:21:17,109 It was just such a tedious process. 585 00:21:17,109 --> 00:21:18,402 Whereas with Bitcoin, 586 00:21:18,402 --> 00:21:19,861 you know, you don't have to do that. 587 00:21:19,861 --> 00:21:21,530 All you need is Internet access 588 00:21:21,530 --> 00:21:23,282 and a little bit of software 589 00:21:23,282 --> 00:21:25,659 and you can buy, sell and transact 590 00:21:25,659 --> 00:21:29,204 however you want without someone saying no, 591 00:21:29,204 --> 00:21:30,205 you can or can't do that. 592 00:21:31,248 --> 00:21:33,417 The last one here is the value transfer. 593 00:21:33,417 --> 00:21:37,671 So this is the spread of ideas, info and unfiltered 594 00:21:37,671 --> 00:21:40,090 individual truth for podcasting. 595 00:21:40,090 --> 00:21:43,093 So I'm being able to transfer value 596 00:21:43,510 --> 00:21:46,513 through this digital mechanism in the easiest 597 00:21:46,722 --> 00:21:47,889 way possible. And this. 598 00:21:47,889 --> 00:21:51,852 No, once again, it's it's power barrier. 599 00:21:51,852 --> 00:21:53,812 Ellis There's no people saying you can 600 00:21:53,812 --> 00:21:54,980 or can't do this. 601 00:21:54,980 --> 00:21:57,941 There is value transfer in the spread of ideas 602 00:21:57,941 --> 00:21:59,818 and people seem to want this 603 00:21:59,818 --> 00:22:02,738 because podcasting is very, very popular. 604 00:22:02,738 --> 00:22:04,406 The value for value model. 605 00:22:04,406 --> 00:22:05,532 The great thing with this is it 606 00:22:05,532 --> 00:22:07,242 recognises subjective value. 607 00:22:07,242 --> 00:22:09,995 So the value transfer 608 00:22:09,995 --> 00:22:12,789 sees that okay, it's not about money, 609 00:22:12,789 --> 00:22:14,833 money, money is great and very helpful. 610 00:22:14,833 --> 00:22:16,418 And I'll be talking a lot about this 611 00:22:16,418 --> 00:22:17,919 and the value for value model, 612 00:22:17,919 --> 00:22:20,922 but a lot of it also is that it's subjective. 613 00:22:20,922 --> 00:22:23,050 I can ask for help from 614 00:22:23,050 --> 00:22:26,928 my audience through many, many different mechanisms 615 00:22:26,928 --> 00:22:29,931 by showing up to a live event like, 616 00:22:30,265 --> 00:22:32,893 you know, doing my laundry, you know, 617 00:22:32,893 --> 00:22:36,480 like literally if it was a if I was a struggling 618 00:22:37,230 --> 00:22:39,608 or if I was perhaps overseas and travelling 619 00:22:39,608 --> 00:22:41,860 and I had a listener, it was like, yes, sure, 620 00:22:41,860 --> 00:22:43,570 I've got a laundromat

or I've got a 621 00:22:45,030 --> 00:22:47,741 spare room, stay with me for a bit. 622 00:22:47,741 --> 00:22:49,242 But that sort of subjective value 623 00:22:49,242 --> 00:22:52,245 is so much more greater than than any money can, 624 00:22:52,746 --> 00:22:54,790 could, could try and 625 00:22:54,790 --> 00:22:55,957 replicate. 626 00:22:55,957 --> 00:22:58,960 And then the last one here with Bitcoin is it's 627 00:22:59,294 --> 00:23:00,879 the three main functions of money. 628 00:23:00,879 --> 00:23:02,589 So value transfer, you know, 629 00:23:02,589 --> 00:23:05,467 a big part of that of this is money 630 00:23:05,467 --> 00:23:07,928 that is valuable of of deciding 631 00:23:07,928 --> 00:23:12,099 what is a a money and it solves these it 632 00:23:12,140 --> 00:23:13,934 it suits these three main 633 00:23:13,934 --> 00:23:14,851 functions of money 634 00:23:14,851 --> 00:23:16,520 which is being a 635 00:23:16,520 --> 00:23:18,897 store of value, a medium of exchange 636 00:23:18,897 --> 00:23:20,315 and a unit of account. 637 00:23:20,315 --> 00:23:21,066 And so 638 00:23:21,066 --> 00:23:24,277 Bitcoin is really, really great at value transfer. 639 00:23:25,237 --> 00:23:27,614 So I think this was slightly 640 00:23:27,614 --> 00:23:28,990 a bit more heavily than I wanted to, 641 00:23:28,990 --> 00:23:30,909 but I really did want to get to this aspect. 642 00:23:30,909 --> 00:23:33,161 Okay, There are these four properties 643 00:23:33,161 --> 00:23:35,997 of these three things that I really care about, 644 00:23:35,997 --> 00:23:40,377 and I think that these four properties are very, 645 00:23:40,377 --> 00:23:43,004 very useful and that they are 646 00:23:43,004 --> 00:23:44,506 what gives these 647 00:23:44,506 --> 00:23:47,509 the podcasting value for value in Bitcoin, 648 00:23:47,968 --> 00:23:49,511 the value they use 649 00:23:49,511 --> 00:23:52,848 and just in the way that the world is changing, 650 00:23:53,765 --> 00:23:55,142 I mean, it's changing all the time. 651 00:23:55,142 --> 00:23:59,020 But the recent trends I think of, of seeing 652 00:23:59,062 --> 00:24:02,149 more platforms, trying to shut things down 653 00:24:02,149 --> 00:24:04,901 like Spotify with trying to create 654 00:24:04,901 --> 00:24:09,656 kind of a walled garden of podcasting, of banks 655 00:24:09,656 --> 00:24:12,659 and other financial means, kind of 656 00:24:12,701 --> 00:24:15,370 I feel that being a bit more restrictive nowadays 657 00:24:16,413 --> 00:24:18,957 then in comparison to 210 years ago 658 00:24:18,957 --> 00:24:20,834 and then with Bitcoin of, 659 00:24:20,834 --> 00:24:22,169 well, we'll just see 660 00:24:22,169 --> 00:24:23,462 what happens from all the money 661 00:24:23,462 --> 00:24:25,672 printing, from COVID, from 662 00:24:25,672 --> 00:24:29,050 basically a group of individuals deciding how 663 00:24:29,050 --> 00:24:30,594 money will will. 664 00:24:30,594 --> 00:24:32,220 And this can be in any country 665 00:24:32,220 --> 00:24:34,931 basically you know, the US has the 666 00:24:34,931 --> 00:24:37,642 the Fed in Australia we've got the Reserve Bank 667 00:24:37,642 --> 00:24:38,643 was the 668 00:24:38,643 --> 00:24:40,145 yeah there's all sorts of 669 00:24:40,145 --> 00:24:41,605 all sorts of things going on. 670 00:24:41,605 --> 00:24:45,525 So those are my four properties. 671 00:24:45,692 --> 00:24:48,778 So this is going to kind of form the basis of 672 00:24:49,738 --> 00:24:51,781 some of the dive into each of these 673 00:24:51,781 --> 00:24:54,367 podcasting value for value and Bitcoin 674 00:24:54,367 --> 00:24:56,620 more in these later episodes. 675 00:24:56,620 --> 00:24:59,080 But I really did just want to 676 00:24:59,080 --> 00:25:01,708 highlight why I think these three things 677 00:25:01,708 --> 00:25:02,834 are super valuable 678 00:25:02,834 --> 00:25:04,252 and I think these four properties 679 00:25:04,252 --> 00:25:05,837 somewhat show that. 680 00:25:05,837 --> 00:25:08,798 So thank you for joining me for that. 681 00:25:08,798 --> 00:25:09,382 Let's jump 682 00:25:09,382 --> 00:25:10,509 into the Booster 683 00:25:10,509 --> 00:25:11,760 Graham Lounge 684 00:25:11,760 --> 00:25:14,804 and we can thank some people for supporting 685 00:25:14,804 --> 00:25:15,305 the show. 686 00:25:17,766 --> 00:25:19,976 Welcome to the value for Value 687 00:25:19,976 --> 00:25:22,979 Boostagram Lounge. 688 00:25:25,065 --> 00:25:27,776 Okay so in the Boostagram Lounge. 689 00:25:27,776 --> 00:25:31,196 So it's been a really nice start because I have 690 00:25:31,530 --> 00:25:32,697 haven't started this show. 691 00:25:32,697 --> 00:25:34,241 You haven't done it for two years. 692 00:25:34,241 --> 00:25:36,201 It was like nine months or something like that 693 00:25:36,201 --> 00:25:38,537 and just kicking it off straight away, 694 00:25:38,537 --> 00:25:40,455 it was super, super amazing. 695 00:25:40,455 --> 00:25:42,165 So I want to thank everyone. 696 00:25:42,165 --> 00:25:43,875 So let's jump into it. 697 00:25:43,875 --> 00:25:46,836 So we've got Carl McCormick one here. 698 00:25:46,836 --> 00:25:49,589 So this is Cole McCormick from America 699 00:25:49,589 --> 00:25:50,799 Plus podcast, 700 00:25:50,799 --> 00:25:52,509 and you're going to notice that a lot of the people 701 00:25:52,509 --> 00:25:55,554 bursting in are podcasters because this is a show 702 00:25:55,554 --> 00:25:57,472 for digital content creators. 703 00:25:57,472 --> 00:25:59,849 So this is going to be the type of people 704 00:25:59,849 --> 00:26:01,560 who are finding this most useful. 705 00:26:01,560 --> 00:26:03,311 But if you have other people 706 00:26:03,311 --> 00:26:06,106 who are interested in it, just in the concept of it 707 00:26:06,106 --> 00:26:08,900 and more on the listeners ideas of supporting, 708 00:26:08,900 --> 00:26:10,151 hey, I would love

for you 709 00:26:10,151 --> 00:26:12,070 to share that with them as well. 710 00:26:12,070 --> 00:26:14,322 So Cole, he goes, I need to get better 711 00:26:14,322 --> 00:26:15,699 at my value for value pitch. 712 00:26:15,699 --> 00:26:18,076 It's a whole new aspect to growing a brand. 713 00:26:18,076 --> 00:26:18,702 I feel like 714 00:26:18,702 --> 00:26:19,327 there needs to be 715 00:26:19,327 --> 00:26:20,996 a compilation of the strongest pitches 716 00:26:20,996 --> 00:26:22,539 so people can simply listen. 717 00:26:22,539 --> 00:26:26,293 Then experiment 5492 So totally sent 718 00:26:26,293 --> 00:26:27,752 using fountain. 719 00:26:27,752 --> 00:26:28,378 You know what? 720 00:26:28,378 --> 00:26:29,879 I think that's a pretty good idea, mate. 721 00:26:29,879 --> 00:26:33,049 I did something sort of similar to this 722 00:26:33,049 --> 00:26:36,052 on the very last episode of season two, 723 00:26:36,720 --> 00:26:39,222 which was kind of going over everything 724 00:26:39,222 --> 00:26:41,725 that I'd learnt in in that season. 725 00:26:41,725 --> 00:26:43,685 So I've got it here. 726 00:26:43,685 --> 00:26:45,812 Lessons from across 18 episodes. 727 00:26:45,812 --> 00:26:47,814 It was highlighting your ethics, 728 00:26:47,814 --> 00:26:51,735 using a fee to show to transfer people to 729 00:26:51,735 --> 00:26:53,695 and to your main content 730 00:26:53,695 --> 00:26:56,698 of just you straight up persisting of using 731 00:26:56,948 --> 00:26:59,951 other value for value means if necessary of 732 00:26:59,951 --> 00:27:03,246 going live to incentivise, incentivise boost. 733 00:27:03,246 --> 00:27:04,539 That's exactly what I'm doing. 734 00:27:05,582 --> 00:27:06,916 Sling sats and be generous. 735 00:27:06,916 --> 00:27:09,169 That was from America plus himself. 736 00:27:09,169 --> 00:27:13,673 So I did a full episode which was kind of a 737 00:27:14,215 --> 00:27:16,926 a condensation of a lot of the 738 00:27:16,926 --> 00:27:18,470 that was more the tactics. 739 00:27:18,470 --> 00:27:21,556 But yeah, I have not done one of the actual 740 00:27:22,015 --> 00:27:23,266 pitches themselves. 741 00:27:23,266 --> 00:27:24,559 That might be 742 00:27:24,559 --> 00:27:26,311 an idea of where I can just create 743 00:27:26,311 --> 00:27:28,897 a whole bunch of clips from my favourite shows 744 00:27:28,897 --> 00:27:29,564 that I think 745 00:27:29,564 --> 00:27:31,733 do it really well and yeah, 746 00:27:31,733 --> 00:27:34,277 maybe I can put them all in an episode. 747 00:27:34,277 --> 00:27:35,570 So yeah, thank you, Cole. 748 00:27:35,570 --> 00:27:38,198 I'll, I'll consider that. Oh, that's a lot of work. 749 00:27:38,198 --> 00:27:39,699 But I 750 00:27:39,699 --> 00:27:41,076 Yeah, and I'm not sure 751 00:27:41,076 --> 00:27:42,243 I'll be able to do that live, 752 00:27:42,243 --> 00:27:43,495 but maybe I can just do that 753 00:27:43,495 --> 00:27:45,914 as the final episode or, or the second 754 00:27:45,914 --> 00:27:48,249 to final episode or something like that. 755 00:27:48,249 --> 00:27:49,292 Thank you very much. 756 00:27:49,292 --> 00:27:50,710 Much appreciate it, my friend. 757 00:27:50,710 --> 00:27:53,296 We have McIntosh here. 758 00:27:53,296 --> 00:27:56,257 So this is from the Generation Bitcoin podcast 759 00:27:56,299 --> 00:27:58,134 and it says Great start to the new season. 760 00:27:58,134 --> 00:27:59,260 Go podcasting 761 00:27:59,260 --> 00:28:01,721 2.0 in brackets V for V in brackets 762 00:28:01,721 --> 00:28:05,767 and then McIntosh at the end 21,000 Satoshis 763 00:28:05,767 --> 00:28:08,436 sent using fountain. Oof, that is a big number. 764 00:28:08,436 --> 00:28:11,439 Thank you much McIntosh my friend. 765 00:28:12,065 --> 00:28:14,025 What that does for him is 766 00:28:14,025 --> 00:28:15,193 we have a leaderboard here, 767 00:28:15,193 --> 00:28:17,237 so this value for value show is somewhat 768 00:28:17,237 --> 00:28:18,405 under the Mere Mortals 769 00:28:18,405 --> 00:28:20,615 brand and basically all the boosts 770 00:28:20,615 --> 00:28:22,325 that come in across the various shows. 771 00:28:22,325 --> 00:28:24,369 I calculate them up and I put them 772 00:28:24,369 --> 00:28:26,413 in a leaderboard, which you can go find it 773 00:28:26,413 --> 00:28:29,082 Miyamoto's podcast dot com slash support. 774 00:28:29,082 --> 00:28:31,876 And with that a rather large boost there 775 00:28:31,876 --> 00:28:35,630 that lifts him up to pretty close to a shot. 776 00:28:35,630 --> 00:28:38,258 So when someone reaches 100,000 satoshis, 777 00:28:38,258 --> 00:28:40,510 we send them a memorial shot. 778 00:28:40,510 --> 00:28:43,096 And if you're boosting into this show, 779 00:28:43,096 --> 00:28:45,181 you're very much in the running for that. 780 00:28:45,181 --> 00:28:47,350 And we only have a limited number of shots. 781 00:28:47,350 --> 00:28:49,352 I think there's probably about 15 left. 782 00:28:49,352 --> 00:28:52,731 So yeah, if you send in, you know, a straight up 783 00:28:52,731 --> 00:28:54,357 hundred thousand boost 784 00:28:54,357 --> 00:28:57,152 to this show, we will send you a shot 785 00:28:57,152 --> 00:28:58,278 no matter where you are in the world. 786 00:28:58,278 --> 00:29:01,322 So, yeah, just, just keep that in mind 787 00:29:01,740 --> 00:29:03,491 as you're boosting in bigger, 788 00:29:03,491 --> 00:29:05,201 bigger numbers will get you closer 789 00:29:05,201 --> 00:29:07,996 to getting a shot as well. So very, very cool. 790 00:29:07,996 --> 00:29:08,747 Thank you. 791 00:29:08,747 --> 00:29:13,042 Mackintosh We've got to hear from Gene Bean 792 00:29:13,209 --> 00:29:15,462 these were both sent using Castamatic, 793 00:29:15,462 --> 00:29:19,257 which is a very decent podcasting app as well. 794 00:29:20,133 --> 00:29:21,301 And he says thanks for the V 795 00:29:21,301 --> 00:29:23,386 for V pitch tips

for my show. 796 00:29:23,386 --> 00:29:24,929 I do have a pitch at the end of each 797 00:29:24,929 --> 00:29:26,514 episode now, but was already thinking 798 00:29:26,514 --> 00:29:27,849 it was time to update it. 799 00:29:27,849 --> 00:29:28,391 I'm going to take 800 00:29:28,391 --> 00:29:30,268 your advice and apply it to my episode, 801 00:29:30,268 --> 00:29:34,063 scheduled to come out on August 1st, 4096. 802 00:29:34,063 --> 00:29:37,025 That is a 4K boost, a four kilobyte boost. 803 00:29:37,025 --> 00:29:38,485 Thank you very much. Jean Bien. 804 00:29:38,485 --> 00:29:39,611 That is his show. 805 00:29:39,611 --> 00:29:41,863 As the volunteer technologist, 806 00:29:41,863 --> 00:29:44,282 I'm keen to listen to that episode 807 00:29:44,282 --> 00:29:45,492 and see how you do that. 808 00:29:45,492 --> 00:29:46,868 Yeah, it's it's 809 00:29:46,868 --> 00:29:48,495 it was a great point that you mentioned. 810 00:29:48,495 --> 00:29:52,540 I have not been doing that for my own conversations 811 00:29:53,166 --> 00:29:54,167 in mere mortals, 812 00:29:54,167 --> 00:29:55,335 but I'm thinking 813 00:29:55,335 --> 00:29:57,128 of branching off of that 814 00:29:57,128 --> 00:30:00,632 into a separate podcast feed, and in which case 815 00:30:00,632 --> 00:30:03,593 I would like to still do value for value 816 00:30:04,719 --> 00:30:05,637 in those episodes, 817 00:30:05,637 --> 00:30:07,597 especially because I'm kind of 818 00:30:07,597 --> 00:30:09,641 putting the guests in as a split as well. 819 00:30:09,641 --> 00:30:10,475 So it's a great way 820 00:30:10,475 --> 00:30:12,143 of meeting showcase and other people. 821 00:30:12,143 --> 00:30:13,853 Okay, value for value works. 822 00:30:13,853 --> 00:30:14,354 And you know, 823 00:30:14,354 --> 00:30:17,357 if you come on my show, you'll get paid 824 00:30:17,774 --> 00:30:20,777 and yeah, so I think that's a, 825 00:30:20,860 --> 00:30:22,570 that's a useful thing that you've 826 00:30:22,570 --> 00:30:23,446 brought me on to there. 827 00:30:23,446 --> 00:30:25,406 So I will definitely be 828 00:30:25,406 --> 00:30:27,075 probably experimenting with that 829 00:30:27,075 --> 00:30:29,077 in the future for myself as well. 830 00:30:29,077 --> 00:30:30,453 As far as topic suggestions, 831 00:30:30,453 --> 00:30:32,539 I'd love for you to do an episode on V 832 00:30:32,539 --> 00:30:34,332 for the music that takes into account 833 00:30:34,332 --> 00:30:36,125 Wavelike Music Side project. 834 00:30:36,125 --> 00:30:38,586 The split kit and Value time split. 835 00:30:38,586 --> 00:30:39,462 Definitely, Definitely. 836 00:30:39,462 --> 00:30:39,879 My friend, 837 00:30:39,879 --> 00:30:42,966 I didn't have this in my full presentation 838 00:30:42,966 --> 00:30:44,092 that I was doing, 839 00:30:44,092 --> 00:30:48,012 but with the comments like this I will definitely 840 00:30:48,763 --> 00:30:50,306 I will definitely do an episode on that. 841 00:30:50,306 --> 00:30:52,016 It's a big thing. 842 00:30:52,016 --> 00:30:53,017 And as I said, 843 00:30:53,017 --> 00:30:54,936 the show is for digital content creators. 844 00:30:54,936 --> 00:30:57,021 It's not just for podcasters. 845 00:30:57,021 --> 00:31:00,108 And I think value for value is going to change 846 00:31:00,108 --> 00:31:01,067 all of the mediums. 847 00:31:01,067 --> 00:31:02,402 So this is music, 848 00:31:02,402 --> 00:31:05,196 this is written text, this is spoken audio, 849 00:31:05,196 --> 00:31:07,198 and I even believe video as well. 850 00:31:08,157 --> 00:31:11,160 And so I will, yeah, 100%. 851 00:31:11,202 --> 00:31:12,579 I'll do an episode on that 852 00:31:12,579 --> 00:31:13,746 probably a little bit later. 853 00:31:13,746 --> 00:31:14,706 So it'll probably be around 854 00:31:14,706 --> 00:31:15,915 episode 50 something. 855 00:31:15,915 --> 00:31:17,500 But by the time I do that 856 00:31:17,500 --> 00:31:20,503 and that's another 4K boost, once again, 857 00:31:20,503 --> 00:31:22,005 getting him up on that leaderboard 858 00:31:22,005 --> 00:31:24,215 that we have on the on the website. 859 00:31:24,215 --> 00:31:27,218 So we have Adam Curry here. 860 00:31:27,635 --> 00:31:29,929 Adam C 1999 I think that's him. 861 00:31:29,929 --> 00:31:31,723 I don't know why he'd have 1999. 862 00:31:31,723 --> 00:31:33,766 I love this series exclamation mark 863 00:31:33,766 --> 00:31:36,269 25,000 set sent using fountain. 864 00:31:36,269 --> 00:31:38,146 Thank you much 865 00:31:38,146 --> 00:31:41,107 that very, very much Adam Curry the podcast. 866 00:31:41,274 --> 00:31:42,191 It's always 867 00:31:42,191 --> 00:31:45,486 just astounding to me when the guy invented 868 00:31:45,486 --> 00:31:47,739 podcasting is like, can coming in 869 00:31:47,739 --> 00:31:50,325 and listening to my own little podcast here. 870 00:31:50,325 --> 00:31:52,327 It's really, really gratifying. 871 00:31:52,327 --> 00:31:53,578 Thank, thank you very much. 872 00:31:53,578 --> 00:31:55,455 Adam. Here's well above the 873 00:31:56,956 --> 00:31:59,959 hundred case limit so he is 874 00:32:01,085 --> 00:32:03,463 yes so he has already got a t shirt 875 00:32:03,463 --> 00:32:04,756 so thank you for that. 876 00:32:04,756 --> 00:32:06,090 And yeah, 877 00:32:06,090 --> 00:32:08,384 and that makes him a baller booster as well. 878 00:32:08,384 --> 00:32:12,680 I'm not big on the inserting of noises 879 00:32:12,680 --> 00:32:14,474 and the and things like that. 880 00:32:14,474 --> 00:32:16,517 Like I mentioned in the pre show 881 00:32:16,517 --> 00:32:18,686 I just have this kind of crappy mixer 882 00:32:18,686 --> 00:32:21,689 which I bought during COVID times 883 00:32:21,689 --> 00:32:25,693 and I plan on travelling next year and just the 884 00:32:25,985 --> 00:32:27,070 all the tech 885 00:32:27,070 --> 00:32:28,237 that is required for that. 886 00:32:28,237 -->

00:32:28,780 And I feel it 887 00:32:28,780 --> 00:32:29,948 kind of breaks up the show as well. 888 00:32:29,948 --> 00:32:31,366 So unfortunately I won't 889 00:32:31,366 --> 00:32:32,158 have jingles for you, 890 00:32:32,158 --> 00:32:35,161 but you'll just have to imagine it in your mind. 891 00:32:35,620 --> 00:32:37,455 Yes, but thank you very much, Adam. 892 00:32:37,455 --> 00:32:40,416 And we've got a live one here this is the first 893 00:32:40,917 --> 00:32:43,628 not first live boost, but it might be the first 894 00:32:43,628 --> 00:32:45,338 live boost to. 895 00:32:46,965 --> 00:32:48,007 So it's 896 00:32:48,007 --> 00:32:49,175 so we've received a 897 00:32:49,175 --> 00:32:52,637 boost that has occurred during a show, 898 00:32:53,012 --> 00:32:55,932 but it was two outside the show level, whereas 899 00:32:55,932 --> 00:32:59,352 I'm guessing this is one that Chad has sent through 900 00:32:59,602 --> 00:33:01,479 to the actual live stream. 901 00:33:01,479 --> 00:33:02,689 So, Chad, 902 00:33:02,689 --> 00:33:03,856 you were the first booster 903 00:33:03,856 --> 00:33:05,483 to the mere mortals in general, 904 00:33:05,483 --> 00:33:07,902 and you're now, I'm pretty sure, 905 00:33:07,902 --> 00:33:09,529 being the first live booster as well. 906 00:33:09,529 --> 00:33:11,072 So, man, 907 00:33:11,072 --> 00:33:12,365 you just come in, man, is 908 00:33:12,365 --> 00:33:14,742 he takes all the first is too good 909 00:33:14,742 --> 00:33:16,160 Chad if boosting in the present 910 00:33:16,160 --> 00:33:18,246 to the past to hear this read in the future 911 00:33:18,246 --> 00:33:19,706 which will then be the present 912 00:33:19,706 --> 00:33:20,498 and then 913 00:33:20,498 --> 00:33:23,960 an emoji looking up and thinking, Hmm. Hmm. 914 00:33:24,669 --> 00:33:28,131 5000 sets sent using castamatic. 915 00:33:28,214 --> 00:33:30,133 Okay, well, I'm not actually sure 916 00:33:30,133 --> 00:33:33,302 if custom supports the live tag. 917 00:33:33,886 --> 00:33:36,639 Let me quickly jump over the here and see. 918 00:33:36,639 --> 00:33:37,974 I don't think it does. So 919 00:33:37,974 --> 00:33:41,019 maybe he isn't the first boosting to the live. 920 00:33:41,728 --> 00:33:42,937 Actually to the live 921 00:33:44,397 --> 00:33:47,108 as of this moment, which is. 922 00:33:47,108 --> 00:33:49,777 Oh, man, that's a shame. But thank you. 923 00:33:49,777 --> 00:33:52,780 Thank you so much, Chad F for sending that in. 924 00:33:53,197 --> 00:33:56,075 And yeah, I'll try and 925 00:33:56,075 --> 00:33:57,744 try and make it less confusing in the future. 926 00:33:57,744 --> 00:33:59,370 So I'm not talking about the future, 927 00:33:59,370 --> 00:34:01,664 the past and the present, all that the 928 00:34:01,664 --> 00:34:03,041 at the very same time. 929 00:34:03,041 --> 00:34:06,044 So that is the value for value 930 00:34:07,003 --> 00:34:08,796 section, the booster grams. 931 00:34:08,796 --> 00:34:11,799 And this is for those who are wondering 932 00:34:12,091 --> 00:34:13,426 what are, what are these things 933 00:34:13,426 --> 00:34:15,011 how people are sending this in. 934 00:34:15,011 --> 00:34:18,723 Basically these are things that are happening 935 00:34:19,015 --> 00:34:21,100 in the actual podcasting app itself. 936 00:34:21,100 --> 00:34:23,978 So this is someone who is listening to the show 937 00:34:23,978 --> 00:34:26,773 and they're going, Oh, I really like this show. 938 00:34:26,773 --> 00:34:30,777 I'm going to send in some a message. 939 00:34:30,777 --> 00:34:32,361 And with that message 940 00:34:32,361 --> 00:34:35,364 is a payment of satoshis, which is Bitcoin. 941 00:34:35,782 --> 00:34:37,200 Think of it just as money. 942 00:34:37,200 --> 00:34:37,950 To be honest. 943 00:34:37,950 --> 00:34:39,535 And to do this, 944 00:34:39,535 --> 00:34:40,661 you'll have to 945 00:34:40,661 --> 00:34:41,829 probably the easiest way at 946 00:34:41,829 --> 00:34:44,290 the moment is going to Fountain Dot 947 00:34:44,290 --> 00:34:46,876 FM or the Fountain podcasting app 948 00:34:46,876 --> 00:34:48,836 because you can kind of earn sets 949 00:34:48,836 --> 00:34:51,839 from listening to shows so you don't even have to 950 00:34:51,839 --> 00:34:54,842 figure out how to, you know, 951 00:34:55,301 --> 00:34:55,676 set up 952 00:34:55,676 --> 00:34:56,469 a debit card 953 00:34:56,469 --> 00:34:58,763 to get money in the form of Bitcoin 954 00:34:58,763 --> 00:35:00,139 and then be able to send it through. 955 00:35:00,139 --> 00:35:03,059 So everyone who's who's listening to this, 956 00:35:03,059 --> 00:35:05,770 I would just say check out me models podcast dot 957 00:35:05,770 --> 00:35:08,856 com slash support again because in there as well 958 00:35:08,898 --> 00:35:09,607 I'm going to give some 959 00:35:09,607 --> 00:35:12,610 detailed explanations of of how you can do this and 960 00:35:13,027 --> 00:35:13,736 yeah thank you 961 00:35:13,736 --> 00:35:14,195 thank you 962 00:35:14,195 --> 00:35:15,404 everyone for 963 00:35:15,404 --> 00:35:18,616 for sending in and this is a core aspect 964 00:35:18,616 --> 00:35:19,826 of the value for value model. 965 00:35:19,826 --> 00:35:20,701 You need to acknowledge 966 00:35:20,701 --> 00:35:22,245 people who are sending you 967 00:35:22,245 --> 00:35:25,248 messages, who are sending you support so that they 968 00:35:25,289 --> 00:35:26,791 hear their names being read on the show 969 00:35:26,791 --> 00:35:28,626 and go like, Yes, thank you, you know, 970 00:35:28,626 --> 00:35:30,086 you've received it. He acknowledged it. 971 00:35:30,086 --> 00:35:32,713 So I and received your value. 972 00:35:32,713 --> 00:35:34,799 And I thank you very, very deeply for it. 973 00:35:35,842 --> 00:35:37,301 So one of the things I'm 974 00:35:37,301 --> 00:35:40,304 going to try doing in here is also having 975 00:35:41,472

--> 00:35:44,016 profile pictures or people's faces 976 00:35:44,016 --> 00:35:47,353 or perhaps their shows and and showcasing it on 977 00:35:47,353 --> 00:35:48,396 the screen in the chapter 978 00:35:48,396 --> 00:35:51,399 art as well as a as a thank you to 979 00:35:51,649 --> 00:35:53,860 and kind of trying to trying to do 980 00:35:53,860 --> 00:35:56,112 a little experiment on my part to see okay 981 00:35:56,112 --> 00:35:59,532 if I include their actual pictures in the in 982 00:35:59,532 --> 00:36:02,743 the chapter images as well will that I don't know 983 00:36:02,743 --> 00:36:06,831 incentivise people more to to to help boost in and 984 00:36:07,123 --> 00:36:08,040 help support the show. 985 00:36:08,040 --> 00:36:11,085 So this is going to now jump us on to 986 00:36:11,085 --> 00:36:12,086 our TIPS section. 987 00:36:12,086 --> 00:36:15,882 So I kind of referred to this in the first 988 00:36:16,132 --> 00:36:19,135 episode of season three, episode 39, the last one, 989 00:36:19,177 --> 00:36:21,804 but I'm planning on adding an extra 990 00:36:21,804 --> 00:36:23,806 two kind of sections into this. 991 00:36:23,806 --> 00:36:25,308 Number one will be the tips. 992 00:36:25,308 --> 00:36:27,268 So this is just a tip that I found 993 00:36:27,268 --> 00:36:29,312 from this last week that I think is useful, 994 00:36:29,312 --> 00:36:31,939 that you could perhaps think as a content creator 995 00:36:31,939 --> 00:36:33,900 or perhaps as a listener as well. 996 00:36:33,900 --> 00:36:34,984 And I always also want to 997 00:36:34,984 --> 00:36:36,819 do kind of some app highlighting, 998 00:36:36,819 --> 00:36:38,321 so highlight an app 999 00:36:38,321 --> 00:36:39,697 that I think is doing something cool. 1000 00:36:39,697 --> 00:36:40,531 So you can know, 1001 00:36:40,531 --> 00:36:43,534 okay, this is how I can use this app and 1002 00:36:43,534 --> 00:36:45,870 and whatnot and then get onto the a 1003 00:36:45,870 --> 00:36:47,246 value for value right at the end. 1004 00:36:47,246 --> 00:36:49,874 So the tip section, 1005 00:36:49,874 --> 00:36:51,709 one of the things that is essential 1006 00:36:51,709 --> 00:36:52,793 about value for value 1007 00:36:52,793 --> 00:36:55,004 is experimentation and copycatting. 1008 00:36:55,004 --> 00:36:58,132 And I just mentioned with the experimentation, 1009 00:36:58,132 --> 00:36:58,716 I'll be doing 1010 00:36:58,716 --> 00:37:01,260 so in the boostagram Lounge, you'll see 1011 00:37:01,260 --> 00:37:03,221 all the people who have sent in some value. 1012 00:37:03,221 --> 00:37:05,806 I'm going to create a little compilation of them 1013 00:37:05,806 --> 00:37:08,809 and put them on the screen and I'll order that 1014 00:37:08,976 --> 00:37:11,979 by the amount that they've sent in and 1015 00:37:12,313 --> 00:37:14,315 the bowl of boosters right at the front more, 1016 00:37:14,315 --> 00:37:16,025 more featured prominently. 1017 00:37:16,025 --> 00:37:19,111 And so that's super essential. 1018 00:37:19,987 --> 00:37:20,529 And taking 1019 00:37:20,529 --> 00:37:23,908 what other people doing is is also critical. 1020 00:37:23,908 --> 00:37:25,993 And I talked about that that was 1021 00:37:25,993 --> 00:37:28,162 the whole of what season two was about. 1022 00:37:28,162 --> 00:37:30,373 One of the things I would recommend is check out 1023 00:37:30,373 --> 00:37:34,543 what Chris Fisher is doing over on his show 1024 00:37:34,543 --> 00:37:35,378 Office Hours. 1025 00:37:35,378 --> 00:37:36,712 So Chris Fisher 1026 00:37:36,712 --> 00:37:38,798 I've had him on the Mere Mortals podcast, 1027 00:37:38,798 --> 00:37:40,508 a link to that conversation 1028 00:37:41,926 --> 00:37:42,343 in the 1029 00:37:42,343 --> 00:37:45,388 in the chapter images here and in the chapters. 1030 00:37:45,388 --> 00:37:49,100 And he's got a whole broadcasting network. 1031 00:37:49,100 --> 00:37:51,227 And as I was mentioning, 1032 00:37:51,227 --> 00:37:52,270 the Linode is 1033 00:37:52,270 --> 00:37:54,480 kind of pulling away from the advertising. 1034 00:37:54,480 --> 00:37:56,357 And so he's trying to move 1035 00:37:56,357 --> 00:37:58,192 to a more value for value model. 1036 00:37:58,192 --> 00:37:59,235 Now he's got this one show 1037 00:37:59,235 --> 00:38:01,779 called Office Hours, which is, you know, 1038 00:38:01,779 --> 00:38:05,741 by his standards, a relatively smaller show. 1039 00:38:05,741 --> 00:38:07,118 It's not listened to as much. 1040 00:38:07,118 --> 00:38:08,244 I think he said he has 1041 00:38:08,244 --> 00:38:10,788 a couple of thousand people tuning in. 1042 00:38:10,788 --> 00:38:14,292 And this is show which always kind of struggled 1043 00:38:14,292 --> 00:38:15,418 with advertising as well. 1044 00:38:15,418 --> 00:38:17,586 It didn't really make sense to have it. 1045 00:38:17,586 --> 00:38:19,964 And What he is going to do is he's 1046 00:38:19,964 --> 00:38:21,090 got this interesting method 1047 00:38:21,090 --> 00:38:22,300 of helping to fund it. 1048 00:38:22,300 --> 00:38:26,721 So his costs for that a lot more than than 1049 00:38:26,721 --> 00:38:30,433 I'm doing for my own kind of hosting here and 1050 00:38:30,433 --> 00:38:34,478 and for the for the time and, and things like that. 1051 00:38:35,021 --> 00:38:36,856 Because he's got a full on audio editor. 1052 00:38:36,856 --> 00:38:39,650 He's got other people joining in a co-host 1053 00:38:39,650 --> 00:38:40,651 and you know, 1054 00:38:40,651 --> 00:38:43,654 he is just further along the journey than I am. 1055 00:38:43,946 --> 00:38:46,741 And what he's doing is basically 1056 00:38:46,741 --> 00:38:49,327 they will put out an episode and then 1057 00:38:49,327 --> 00:38:52,330 for the next episode to to be released, 1058 00:38:52,413 --> 00:38:55,041 they need to it's kind of needs to be unlocked. 1059 00:38:55,041 --> 00:38:58,044 And so they've

got a supplement of 1060 00:38:58,502 --> 00:39:01,505 1,500,000, which is about 1061 00:39:01,881 --> 00:39:02,965 I think I think he said 1062 00:39:02,965 --> 00:39:05,259 it was about 400 and something US dollars. 1063 00:39:06,260 --> 00:39:07,386 That's about how much it 1064 00:39:07,386 --> 00:39:11,390 cost to to create his show and you know 1065 00:39:11,474 --> 00:39:13,059 compensating people for time 1066 00:39:13,059 --> 00:39:13,559 and then 1067 00:39:13,559 --> 00:39:16,562 for the audio editing and and things like this 1068 00:39:16,896 --> 00:39:19,148 and so they won't release the show 1069 00:39:19,148 --> 00:39:22,860 until they've got 1.5 million sets come in. 1070 00:39:23,235 --> 00:39:24,362 Now, this is really interesting 1071 00:39:24,362 --> 00:39:26,655 because, you know, how is he going to do this? 1072 00:39:26,655 --> 00:39:27,823 How is he going to 1073 00:39:27,823 --> 00:39:29,700 while obviously there's an incentive there 1074 00:39:29,700 --> 00:39:31,035 for people who are listening 1075 00:39:31,035 --> 00:39:33,996 to to contribute, to try and get to this 1076 00:39:33,996 --> 00:39:36,916 kind of crowd funding the next episode, 1077 00:39:36,916 --> 00:39:38,376 the interesting thing is, okay, 1078 00:39:38,376 --> 00:39:40,127 how is he going to try and remind people 1079 00:39:40,127 --> 00:39:42,421 if they get stalled on a million sets 1080 00:39:42,421 --> 00:39:44,673 and people aren't sending it in, 1081 00:39:44,673 --> 00:39:46,175 how is he going to 1082 00:39:46,175 --> 00:39:48,344 to make it to people's attention and be like, 1083 00:39:48,344 --> 00:39:50,346 you know, it's just another 500,000 sets? 1084 00:39:50,346 --> 00:39:52,056 If you just help contribute to this, 1085 00:39:52,056 --> 00:39:54,308 you can, you know, get to the next episode. 1086 00:39:54,308 --> 00:39:55,726 Well, thank you. Obviously. 1087 00:39:56,685 --> 00:39:59,021 And I think this is 1088 00:39:59,021 --> 00:40:00,648 it's going to be a real interesting draw 1089 00:40:00,648 --> 00:40:02,858 as to as to how he does it. 1090 00:40:02,858 --> 00:40:03,692 So, yeah, 1091 00:40:03,692 --> 00:40:04,193 this is just 1092 00:40:04,193 --> 00:40:04,944 one of the ones 1093 00:40:04,944 --> 00:40:06,112 where I'll say just check out 1094 00:40:06,112 --> 00:40:08,114 office hours and see what they're doing, 1095 00:40:08,114 --> 00:40:11,200 because I think this is this could be a 1096 00:40:11,450 --> 00:40:14,787 another type of gamification 1097 00:40:14,787 --> 00:40:16,163 if you want to call it like that. 1098 00:40:16,163 --> 00:40:19,166 Or another way of incentivising people 1099 00:40:19,166 --> 00:40:19,959 to help 1100 00:40:19,959 --> 00:40:22,086 to, to contribute to a show 1101 00:40:22,086 --> 00:40:25,256 whilst also being very business like about it. 1102 00:40:25,256 --> 00:40:25,673 You know, 1103 00:40:25,673 --> 00:40:26,090 he's got 1104 00:40:26,090 --> 00:40:27,508 a number 1105 00:40:27,508 --> 00:40:29,009 that he needs to reach for it 1106 00:40:29,009 --> 00:40:30,803 to make sense for him to do this. 1107 00:40:30,803 --> 00:40:32,346 And if that number just doesn't 1108 00:40:32,346 --> 00:40:33,764 get reached, while maybe it's 1109 00:40:33,764 --> 00:40:35,558 just not a not great product 1110 00:40:35,558 --> 00:40:38,060 or it's not a product that people want, i.e. 1111 00:40:38,060 --> 00:40:40,521 a show and, 1112 00:40:40,521 --> 00:40:40,813 you know, 1113 00:40:40,813 --> 00:40:44,108 maybe that's a good signal for him to go, you know, 1114 00:40:44,108 --> 00:40:45,526 maybe I shouldn't be doing this show. 1115 00:40:45,526 --> 00:40:46,735 Maybe it's it's not worth it. 1116 00:40:46,735 --> 00:40:49,238 So that is one of the tips. 1117 00:40:49,238 --> 00:40:49,655 I would say 1118 00:40:49,655 --> 00:40:50,865 just check our office hours 1119 00:40:50,865 --> 00:40:52,074 and see what they're doing. 1120 00:40:52,074 --> 00:40:53,742 My app highlight for the week. 1121 00:40:53,742 --> 00:40:55,244 I want to highlight Fountain. 1122 00:40:55,244 --> 00:40:56,745 And one of the things 1123 00:40:56,745 --> 00:40:58,247 that Fountain does really well 1124 00:40:58,247 --> 00:41:00,583 is, is this kind of gamification 1125 00:41:00,583 --> 00:41:02,835 is rewarding people for their helping 1126 00:41:02,835 --> 00:41:04,670 to support to contribute, to 1127 00:41:06,172 --> 00:41:09,216 interact with these booster grams 1128 00:41:09,216 --> 00:41:12,386 and not just have it a solitary listening 1129 00:41:12,386 --> 00:41:14,638 experience for for you as the listener, 1130 00:41:14,638 --> 00:41:16,682 but also to contribute to the shows. 1131 00:41:16,682 --> 00:41:18,309 And so 1132 00:41:18,309 --> 00:41:19,268 one of the things that happened 1133 00:41:19,268 --> 00:41:21,645 this last week was I sent in a bowl of boost. 1134 00:41:21,645 --> 00:41:24,482 I sent in 222,222. 1135 00:41:24,482 --> 00:41:25,900 It's a row of ducks. 1136 00:41:25,900 --> 00:41:26,233 It's one of 1137 00:41:26,233 --> 00:41:27,109 my favourite numbers 1138 00:41:27,109 --> 00:41:30,905 and I sent this in to the Podcasting 2.0 show 1139 00:41:30,905 --> 00:41:31,655 because I, 1140 00:41:31,655 --> 00:41:33,699 you know, all of this is only possible 1141 00:41:33,699 --> 00:41:35,242 through Adam and Dave's help. 1142 00:41:35,242 --> 00:41:37,244 So I wanted to contribute 1143 00:41:37,244 --> 00:41:38,829 in a big way back to, to that. 1144 00:41:38,829 --> 00:41:42,041 So in terms of dollar amounts, that is about 1145 00:41:42,666 --> 00:41:45,127 100 100 AUD, 1146 00:41:45,127 --> 00:41:48,130 So 75 USD, something like that. 1147 00:41:48,380 --> 00:41:50,799 And one of the cool things is each week 1148 00:41:50,799 --> 00:41:52,009 fountain will 1149 00:41:52,009 --> 00:41:53,385 they've kind of sponsored up 1150 00:41:53,385 --> 00:41:54,553

with this company 1151 00:41:54,553 --> 00:41:56,597 called Bit Refill and so the 1152 00:41:56,597 --> 00:41:58,599 two baller boosters for this last week. 1153 00:41:58,599 --> 00:42:00,976 So the two that were 1154 00:42:00,976 --> 00:42:03,729 for this last week were for myself 1155 00:42:03,729 --> 00:42:05,356 and funnily enough 1156 00:42:05,356 --> 00:42:08,526 another person sending into the office hours show 1157 00:42:09,401 --> 00:42:11,695 whose name is just Bring it up here 1158 00:42:11,695 --> 00:42:15,199 was Marcel and he boosted in 150,000 1159 00:42:15,199 --> 00:42:17,368 sets now to the office hours show. 1160 00:42:18,327 --> 00:42:18,702 And so 1161 00:42:18,702 --> 00:42:22,665 both of us received a $50 a bit refill voucher. 1162 00:42:22,665 --> 00:42:27,336 So this is being able to use this voucher to to buy 1163 00:42:28,712 --> 00:42:31,298 gift cards, to use it on Amazon 1164 00:42:31,298 --> 00:42:32,383 or eBay or something like, 1165 00:42:32,383 --> 00:42:35,135 you know, kind of that international type deal. 1166 00:42:35,135 --> 00:42:36,929 And I just think this is really cool. 1167 00:42:36,929 --> 00:42:38,556 I think this is a great way 1168 00:42:38,556 --> 00:42:40,849 of incentivising people to send in. 1169 00:42:40,849 --> 00:42:41,559 I mean, 1170 00:42:41,559 --> 00:42:45,312 you know, with $50 us that that kind of means 1171 00:42:45,312 --> 00:42:46,105 my boost 1172 00:42:46,105 --> 00:42:48,524 not only really supported a show, 1173 00:42:48,524 --> 00:42:51,235 but it wasn't as costly for me as well. 1174 00:42:51,235 --> 00:42:51,443 You know, 1175 00:42:51,443 --> 00:42:56,198 I've kind of got like a it only was $25 in total. 1176 00:42:56,198 --> 00:42:57,491 So I think this is actually something 1177 00:42:57,491 --> 00:42:59,201 you could gamify as well if you want it, 1178 00:42:59,201 --> 00:43:00,786 if you like really wanting 1179 00:43:00,786 --> 00:43:03,872 to send in a large amount to a show you could 1180 00:43:04,123 --> 00:43:04,832 just be looking at. 1181 00:43:04,832 --> 00:43:05,499 It's like, Oh, 1182 00:43:05,499 --> 00:43:07,209 I could kind of offset this myself 1183 00:43:07,209 --> 00:43:08,460 if I wanted to, 1184 00:43:08,460 --> 00:43:11,046 and if I did it through the fountain up, 1185 00:43:11,046 --> 00:43:11,922 which once again 1186 00:43:11,922 --> 00:43:13,215 fountain will get a, 1187 00:43:13,215 --> 00:43:14,883 a split of, of that money 1188 00:43:14,883 --> 00:43:17,261 because they're helping to provide the service. 1189 00:43:17,261 --> 00:43:18,137 So I think that's really, 1190 00:43:18,137 --> 00:43:20,639 really interesting and cool of them. 1191 00:43:20,639 --> 00:43:22,850 And you know there's some other added 1192 00:43:22,850 --> 00:43:24,268 benefits for Fountain as well, 1193 00:43:24,268 --> 00:43:28,522 just along with being a a great podcasting app they 1194 00:43:30,274 --> 00:43:31,066 you know, so 1195 00:43:31,066 --> 00:43:31,775 so just tuning 1196 00:43:31,775 --> 00:43:33,444 in, I actually quite enjoy 1197 00:43:33,444 --> 00:43:35,654 the experience of using it. 1198 00:43:35,654 --> 00:43:37,156 But if you're boosting in 1199 00:43:37,156 --> 00:43:38,949 via fountain, you're helping 1200 00:43:38,949 --> 00:43:41,535 to not only promote myself, 1201 00:43:41,535 --> 00:43:43,996 my show on their internal chart system. 1202 00:43:43,996 --> 00:43:45,998 So if you go to Fountain Dot FM 1203 00:43:45,998 --> 00:43:48,709 charts, once again, it's this kind of gamification. 1204 00:43:48,709 --> 00:43:50,669 It's this leaderboard sort of seeing like, 1205 00:43:50,669 --> 00:43:52,546 Oh, this show is right at the top, 1206 00:43:52,546 --> 00:43:54,882 which is a great signal for going, okay, 1207 00:43:54,882 --> 00:43:57,259 a lot of people are liking the show, 1208 00:43:57,259 --> 00:43:59,553 They're listening to it, they're boosting it. 1209 00:43:59,553 --> 00:44:00,846 Maybe I should tune into it. 1210 00:44:00,846 --> 00:44:02,723 So that is a great signal, 1211 00:44:02,723 --> 00:44:04,516 but it's also for yourself as well. 1212 00:44:04,516 --> 00:44:06,852 I'm on the top of the Baller booster list, 1213 00:44:06,852 --> 00:44:08,395 so it's kind of like a little bit of credit. 1214 00:44:08,395 --> 00:44:09,772 I can be like, Yeah, you know what? 1215 00:44:09,772 --> 00:44:10,731 I'm a ball booster. 1216 00:44:10,731 --> 00:44:13,817 I, I help support this show greatly and I'm 1217 00:44:13,817 --> 00:44:16,487 top of the charts. Check me out. 1218 00:44:16,487 --> 00:44:17,196 So I think 1219 00:44:17,196 --> 00:44:19,365 I think that doing a lot of cool things. 1220 00:44:19,365 --> 00:44:21,075 One of the things I also want to mention 1221 00:44:21,075 --> 00:44:23,744 about value for value is the transparency. 1222 00:44:23,744 --> 00:44:24,286 And so 1223 00:44:25,245 --> 00:44:26,830 I want to be completely transparent 1224 00:44:26,830 --> 00:44:29,833 and about a decision I took 1225 00:44:29,917 --> 00:44:31,960 when I was it was probably about a year ago 1226 00:44:31,960 --> 00:44:34,922 when Fountain was sending out 1227 00:44:34,922 --> 00:44:36,757 emails to people who were 1228 00:44:36,757 --> 00:44:39,843 obviously using the app a lot who'd some time 1229 00:44:40,511 --> 00:44:41,512 interacting with them, 1230 00:44:41,512 --> 00:44:42,221 and they were kind of 1231 00:44:42,221 --> 00:44:44,765 doing a crowdfunding and saying like, 1232 00:44:44,765 --> 00:44:45,182 you know, 1233 00:44:45,182 --> 00:44:46,225 you can help 1234 00:44:46,225 --> 00:44:48,519 contribute to fountain, you can become a I 1235 00:44:48,519 --> 00:44:51,397 a part owner or something like that of the business 1236 00:44:51,397 --> 00:44:56,026 from as little as a little as little as $1,000. 1237 00:44:56,527 --> 00:44:59,321 And the funny was, you know, I looked at 1238

00:44:59,321 --> 00:45:00,322 that and I went, You know what? 1239 00:45:00,322 --> 00:45:01,240 I think this probably 1240 00:45:01,240 --> 00:45:04,451 would be a good investment because I do believe 1241 00:45:04,451 --> 00:45:07,454 Fountain's doing really cool things and, 1242 00:45:08,414 --> 00:45:10,916 you know, I've met Oscar a couple of times 1243 00:45:10,916 --> 00:45:15,003 digitally, and I think he's a smart guy. 1244 00:45:15,003 --> 00:45:16,922 I know his his co-founder as well. 1245 00:45:16,922 --> 00:45:18,757 Nick, once again digitally. 1246 00:45:18,757 --> 00:45:21,218 And I looked at this and, you know, 1247 00:45:21,218 --> 00:45:22,845 it was probably a good investment decision, 1248 00:45:22,845 --> 00:45:25,097 but it's one I wouldn't be able to make 1249 00:45:25,097 --> 00:45:26,974 and then never be able to talk about. 1250 00:45:26,974 --> 00:45:28,726 FOUNTAIN again 1251 00:45:28,726 --> 00:45:29,810 in a truthful manner, 1252 00:45:29,810 --> 00:45:32,479 because then it would kind of be like 1253 00:45:32,479 --> 00:45:34,022 I'm incentivised 1254 00:45:34,022 --> 00:45:34,898 to talk 1255 00:45:34,898 --> 00:45:36,191 about them more than others, 1256 00:45:36,191 --> 00:45:38,694 because if more people start using it, then, 1257 00:45:38,694 --> 00:45:38,944 you know, 1258 00:45:38,944 --> 00:45:41,280 my investment could grow or something like that. 1259 00:45:41,280 --> 00:45:42,906 And so that was one where I would just went, 1260 00:45:42,906 --> 00:45:45,242 Yeah, no, I won't, I won't be able to 1261 00:45:45,242 --> 00:45:48,954 ethically be able to invest in that company 1262 00:45:48,954 --> 00:45:49,997 and then be able 1263 00:45:49,997 --> 00:45:53,000 to highlight Fountain just like I have done. 1264 00:45:53,292 --> 00:45:54,501 And so I think it's useful 1265 00:45:55,502 --> 00:45:57,171 to just acknowledge that, 1266 00:45:57,171 --> 00:45:57,379 you know, 1267 00:45:57,379 --> 00:45:58,922 if someone's using 1268 00:45:58,922 --> 00:46:00,632 the value for value model, 1269 00:46:00,632 --> 00:46:02,885 the transparency aspect is huge. 1270 00:46:02,885 --> 00:46:03,969 It doesn't 1271 00:46:03,969 --> 00:46:05,804 I don't think it works if you 1272 00:46:05,804 --> 00:46:07,055 if you're if you're kind of 1273 00:46:07,055 --> 00:46:08,891 hiding the amounts, if you're not, 1274 00:46:08,891 --> 00:46:09,850 if you're thanking people 1275 00:46:09,850 --> 00:46:12,895 but not thanking them and in showing 1276 00:46:13,604 --> 00:46:14,897 how much you're getting in, there's 1277 00:46:14,897 --> 00:46:17,191 just something about it, which I think 1278 00:46:17,191 --> 00:46:18,525 is is so useful 1279 00:46:18,525 --> 00:46:19,902 to the audience 1280 00:46:19,902 --> 00:46:22,362 to create that kind of genuine connection. 1281 00:46:22,362 --> 00:46:25,616 And they can realise like, Oh, okay, Kyron's not 1282 00:46:26,241 --> 00:46:27,534 talking

about Fountain 1283 00:46:27,534 --> 00:46:28,911 because it's making himself rich. 1284 00:46:28,911 --> 00:46:29,703 He's talking about it 1285 00:46:29,703 --> 00:46:32,206 because he thinks it's a really cool product 1286 00:46:32,206 --> 00:46:34,374 and because they're doing awesome things. 1287 00:46:34,374 --> 00:46:37,085 So I just wanted to highlight that up 1288 00:46:37,085 --> 00:46:39,421 right at the end here in my app highlights. 1289 00:46:39,421 --> 00:46:40,923 So get go check out Fountain. 1290 00:46:41,882 --> 00:46:42,966 The last section here 1291 00:46:42,966 --> 00:46:44,551 is my own value for value pitch. 1292 00:46:44,551 --> 00:46:45,803 And so 1293 00:46:45,803 --> 00:46:47,054 I talked about Oscar 1294 00:46:47,054 --> 00:46:48,764 married just before, and one of 1295 00:46:48,764 --> 00:46:51,725 the great things about him is that he is 1296 00:46:51,767 --> 00:46:53,060 he cares about podcasting 1297 00:46:53,060 --> 00:46:55,145 and he cares on an individual level as well. 1298 00:46:55,145 --> 00:46:58,148 So I kind of know him, but I see the 1299 00:46:58,232 --> 00:47:00,067 the telegram chat which he set up 1300 00:47:00,067 --> 00:47:02,653 for the beta testers and people 1301 00:47:02,653 --> 00:47:05,197 are using it and he he responds 1302 00:47:05,197 --> 00:47:06,865 almost immediately all the time. 1303 00:47:06,865 --> 00:47:09,243 He's is really, really great with that. 1304 00:47:09,243 --> 00:47:10,786 And even when I reach out to him 1305 00:47:10,786 --> 00:47:12,538 with some problems, like last week, 1306 00:47:12,538 --> 00:47:16,625 I was struggling with getting Todd Cochran's 1307 00:47:16,625 --> 00:47:19,086 value information to kind of stick in the 1308 00:47:19,086 --> 00:47:21,672 in the value feed which I use, I use 1309 00:47:21,672 --> 00:47:24,675 fountain as as my kind of split mechanism 1310 00:47:25,592 --> 00:47:26,885 for my wallet. 1311 00:47:26,885 --> 00:47:28,887 And it kind of wasn't sticking in there. 1312 00:47:28,887 --> 00:47:30,013 And then this happened recently 1313 00:47:30,013 --> 00:47:31,431 with the memorial show as well. 1314 00:47:31,431 --> 00:47:32,641 And I reached out to him 1315 00:47:32,641 --> 00:47:34,142 and he got back almost instantly. 1316 00:47:34,142 --> 00:47:36,311 So for this week, I want to thank him 1317 00:47:36,311 --> 00:47:37,604 for that contribution 1318 00:47:37,604 --> 00:47:39,398 to to helping me out 1319 00:47:39,398 --> 00:47:41,358 and to making this show better. 1320 00:47:41,358 --> 00:47:43,485 And so I'm going to put him in as my 1321 00:47:43,485 --> 00:47:45,612 15% split for this week. So, 1322 00:47:46,572 --> 00:47:46,905 you know, 1323 00:47:46,905 --> 00:47:47,906 15% of 1324 00:47:47,906 --> 00:47:49,449 whatever you boost into the show 1325 00:47:49,449 --> 00:47:51,910 is going to directly to Oscar 1326 00:47:51,910 --> 00:47:53,620 and in this case, Oscar himself, 1327

00:47:53,620 --> 00:47:56,373 because I've got his actual wallet address. 1328 00:47:56,373 --> 00:47:59,293 And yeah, this is as a big thanks to him for 1329 00:47:59,293 --> 00:48:00,586 helping me out individually. 1330 00:48:00,586 --> 00:48:03,255 So very, very cool for that. 1331 00:48:03,255 --> 00:48:06,550 The other pitch that I wanted to ask was, okay, 1332 00:48:06,925 --> 00:48:08,635 if you're going to boost and something, 1333 00:48:08,635 --> 00:48:10,512 maybe you can have some suggestions. 1334 00:48:10,512 --> 00:48:12,806 Are there any more things that you think of that 1335 00:48:12,806 --> 00:48:14,766 can satisfy these four properties 1336 00:48:14,766 --> 00:48:18,312 of decentralisation, of being self-sovereign, 1337 00:48:18,312 --> 00:48:21,565 of being permissionless and having value transfer? 1338 00:48:22,065 --> 00:48:25,944 If it's a a company that kind of runs on of these 1339 00:48:25,986 --> 00:48:28,739 these four properties, if it's a 1340 00:48:28,739 --> 00:48:31,783 another idea system, if it's an Internet protocol, 1341 00:48:31,783 --> 00:48:33,619 if it's things like this, I would love for you to, 1342 00:48:33,619 --> 00:48:35,245 to highlight that out because that 1343 00:48:35,245 --> 00:48:38,248 is probably something I'm very interested in. 1344 00:48:38,290 --> 00:48:39,374 It's obviously 1345 00:48:40,334 --> 00:48:41,960 kind of dominated my life 1346 00:48:41,960 --> 00:48:42,461 is these 1347 00:48:42,461 --> 00:48:46,089 last couple of years learning about podcasting 1348 00:48:46,423 --> 00:48:49,384 and podcasting 2.0 of value for value 1349 00:48:49,384 --> 00:48:50,469 and of Bitcoin. 1350 00:48:50,469 --> 00:48:53,722 So I would love to, to, to send that in. 1351 00:48:54,014 --> 00:48:57,309 And just taking off from Chris and what he's doing, 1352 00:48:57,935 --> 00:48:59,603 I'm not going to 1353 00:48:59,603 --> 00:49:00,520 I'm going to release 1354 00:49:00,520 --> 00:49:02,439 these episodes weekly no matter what. 1355 00:49:02,439 --> 00:49:05,984 But for this show to be self-sufficient, my, 1356 00:49:06,068 --> 00:49:08,111 my kind of outlay of this 1357 00:49:08,111 --> 00:49:10,072 for the amount of episodes 1358 00:49:10,072 --> 00:49:11,698 I'm planning on doing for this season, 1359 00:49:11,698 --> 00:49:12,449 I would probably need 1360 00:49:12,449 --> 00:49:16,536 about 45,000 sets, I think, per week for it 1361 00:49:16,536 --> 00:49:18,997 to make sense for the the hosting costs. 1362 00:49:18,997 --> 00:49:21,708 So I think that's a cool target. 1363 00:49:21,708 --> 00:49:23,085 We can aim for last. 1364 00:49:23,085 --> 00:49:24,795 We well and truly got to there. 1365 00:49:24,795 --> 00:49:27,506 We got probably about 1366 00:49:27,506 --> 00:49:30,634 60,000 I would say, from from all the generous 1367 00:49:30,968 --> 00:49:32,052 contributors that we had. 1368 00:49:32,052 --> 00:49:34,429 So that's an amazing start. 1369 00:49:34,429 --> 00:49:36,014 So thank you everyone for doing that. 1370 00:49:36,014 --> 00:49:38,767 And yeah, let's, let's, let's aim for 45,000 1371 00:49:38,767 --> 00:49:42,396 and see if we can keep that up and and help to 1372 00:49:42,729 --> 00:49:44,022 to contribute 1373 00:49:44,022 --> 00:49:44,731 and pay just, 1374 00:49:44,731 --> 00:49:47,734 just for the hosting costs alone for, for myself 1375 00:49:47,734 --> 00:49:49,778 and for the value for our show. 1376 00:49:49,778 --> 00:49:51,905 So thank you everyone for joining in 1377 00:49:51,905 --> 00:49:54,533 once again, this was Kyrin here from the 1378 00:49:54,533 --> 00:49:55,659 the Mere Mortals brand. 1379 00:49:55,659 --> 00:49:59,413 And I yeah, I just really, really do appreciate 1380 00:49:59,413 --> 00:50:00,747 everyone tuning in. 1381 00:50:00,747 --> 00:50:03,291 And until the next week. Chao for now