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

the only option I had at the time was 72 00:04:49,361 --> 00:04:53,231 either using vouchers and I thought vouchers were a bit too expensive. 73 00:04:53,821 --> 00:04:59,381 Cheaty, I would say, um, because I think it's called peer to 74 00:04:59,381 --> 00:05:01,081 peer currency for a reason. 75 00:05:01,101 --> 00:05:02,751 So it should work peer to peer, right? 76 00:05:02,751 --> 00:05:07,041 And then I found this one little store in Germany that actually offered to, 77 00:05:07,501 --> 00:05:11,071 um, ship graphics cards for Bitcoin. 78 00:05:11,571 --> 00:05:18,481 But then it's turned out that they were giving the bit pay fee of 1 percent 79 00:05:18,531 --> 00:05:20,541 directly to me as a little bonus. 80 00:05:20,551 --> 00:05:22,111 So I was supposed to pay. 81 00:05:22,491 --> 00:05:23,811 1 percent extra. 82 00:05:24,341 --> 00:05:31,681 And this sounds like it's super nitpicky, but in Germany it's not allowed that you 83 00:05:31,721 --> 00:05:38,521 pass on the payment processing fees to the customers as an extra price point, right? 84 00:05:39,071 --> 00:05:44,651 So you know that every retailer and e commerce store on the internet in 85 00:05:44,651 --> 00:05:49,551 Germany calculates all the prices with the fees already included. 86 00:05:50,281 --> 00:05:50,621 End. 87 00:05:51,106 --> 00:05:57,586 When you know that paypal takes starting from 3 percent and more, then it doesn't 88 00:05:57,586 --> 00:06:04,636 make sense that the seller would charge 1 percent extra only for Bitcoin payments 89 00:06:05,016 --> 00:06:06,796 and not for other types of payments. 90 00:06:06,816 --> 00:06:08,866 And that got me so furious. 91 00:06:08,886 --> 00:06:13,166 Like, I think for two to three months I was not able to sleep 92 00:06:13,176 --> 00:06:15,916 because I was like, it's, it's 2018. 93 00:06:16,516 --> 00:06:21,986 It's been seven years FURIOUS Since you've gone down this rabbit hole, and 94 00:06:21,986 --> 00:06:24,736 you're literally not one step forward. 95 00:06:24,746 --> 00:06:27,306 I actually made two steps back, right? 96 00:06:27,386 --> 00:06:32,576 And then I had this magnificent idea like in April of 2018. 97 00:06:32,596 --> 00:06:33,816 Okay, you know what? 98 00:06:33,856 --> 00:06:35,296 Why don't you just do it yourself? 99 00:06:35,356 --> 00:06:41,336 It can't be that hard to sell products on the internet with a profit, right? 100 00:06:41,426 --> 00:06:42,426 How hard can it be? 101 00:06:43,086 --> 00:06:49,406 Spoiler alert, super hard because retail is like a super difficult 102 00:06:49,416 --> 00:06:52,706 business, especially if you want to go into electronics. 103 00:06:53,166 --> 00:06:59,816 So I've been working since then until the end of 2018 to start my 104 00:06:59,936 --> 00:07:03,776 little online shop and I started with WordPress and WooCommerce. 105 00:07:05,181 --> 00:07:08,761 Yeah, it looks cool with my type of skills. 106 00:07:08,971 --> 00:07:13,551 Um, just have to explain that my programming skills were 107 00:07:13,561 --> 00:07:17,171 on the level of Khan Academy JavaScript course for children. 108 00:07:17,531 --> 00:07:18,941 So that was it. 109 00:07:19,201 --> 00:07:26,396 That was my level of sophistication in the, uh, Um, programming sphere and from 110 00:07:26,406 --> 00:07:33,956 then on, yeah, I started selling all kinds of products and now almost one 111 00:07:34,676 --> 00:07:38,206 halving and a quarter of it later, right? 112 00:07:38,686 --> 00:07:39,326 We are here. 113 00:07:39,326 --> 00:07:40,156 Shopinbit. 114 00:07:40,186 --> 00:07:42,966 com is Europe's biggest Bitcoin store. 115 00:07:42,966 --> 00:07:48,446 We have a million plus products available directly for purchase with 116 00:07:48,496 --> 00:07:50,326 Bitcoin and Lightning, of course. 117 00:07:50,811 --> 00:07:55,631 You get 3 percent discount if you use it instead of the classic fiat rails 118 00:07:55,721 --> 00:07:58,211 and we ship within the European Union. 119 00:07:59,151 --> 00:08:07,101 And, um, we also do extra services that we like to call the premium services, right? 120 00:08:07,281 --> 00:08:13,501 Um, so apart from just having regular day to day items in the store, we 121 00:08:13,511 --> 00:08:19,301 offer a little bit on extra of service and these are the concierge service. 122 00:08:19,441 --> 00:08:25,421 So if you need anything else that is not on our website and legal, of course, we 123 00:08:25,421 --> 00:08:27,171 can organize that and ship it worldwide. 124 00:08:28,151 --> 00:08:33,226 Because it's all manually done, we support you Uh, if you have questions 125 00:08:33,226 --> 00:08:38,116 about products or if you want to import products like from Japan, we have some 126 00:08:38,116 --> 00:08:43,906 customers who like to have these super expensive Leica lenses for the cameras 127 00:08:43,966 --> 00:08:45,516 and they're mostly found in Japan. 128 00:08:45,516 --> 00:08:50,086 So we import them to the EU or somewhere else and help people get going with that. 129 00:08:50,916 --> 00:08:54,746 And I think the one service that you guys already used a bit. 130 00:08:55,236 --> 00:08:59,786 Uh, which I think is the, or should be the interesting, more interesting 131 00:08:59,786 --> 00:09:03,206 part for most of your listeners is of course our travel agency. 132 00:09:03,726 --> 00:09:09,216 So if you want to travel to any Bitcoin conference or just do a vacation, or if 133 00:09:09,216 --> 00:09:13,246 you're like a Bitcoin company and need company travels for your staff or your 134 00:09:13,246 --> 00:09:18,526 CEO, we also do that because we're a fully licensed travel agency as well. 135 00:09:18,906 --> 00:09:26,366 So, um, Yeah, that's the TLDR, I think, but it got a little bit 136 00:09:26,366 --> 00:09:29,976 longer, so it's medium sized TLDR. 137 00:09:30,796 --> 00:09:36,196 Yeah, speaking of medium size, I have only one question about the ShopInBit 138 00:09:36,216 --> 00:09:43,836 website that is

slightly Slightly, uh, different from other online shops. 139 00:09:44,166 --> 00:09:45,946 And that is the categories here. 140 00:09:45,966 --> 00:09:48,306 It starts with adults only. 141 00:09:48,716 --> 00:09:53,156 And the very first product, I don't even know if I am allowed to 142 00:09:53,156 --> 00:09:56,986 say this here, but the very first product on the site is an anal dildo. 143 00:09:57,606 --> 00:09:59,976 So, is it giant and green? 144 00:10:00,296 --> 00:10:00,646 I mean, 145 00:10:02,656 --> 00:10:03,756 how did that come to be? 146 00:10:05,103 --> 00:10:11,823 I think the adult section we added, like, relatively late, I guess. 147 00:10:11,853 --> 00:10:16,173 I think we added it in 2020, I would say. 148 00:10:16,673 --> 00:10:25,668 Um, because We were already like, um, getting worse SEO ranking because of the 149 00:10:25,668 --> 00:10:32,138 whole, we are accepting Bitcoin thing and, um, and then it didn't actually 150 00:10:32,138 --> 00:10:37,538 make any difference anymore if you also put in adult toys and people just, uh, 151 00:10:38,148 --> 00:10:44,768 Love to have some kinky stuff going on, the whole sensuality thing, so, um, I 152 00:10:44,778 --> 00:10:47,048 thought that we should just add it there. 153 00:10:48,333 --> 00:10:50,433 And I guess it's just an alphabet thing, right? 154 00:10:50,528 --> 00:10:55,758 It's just an alphabet thing, but we are currently in like a restructuring 155 00:10:55,768 --> 00:11:00,838 phase because, um, There is actually you can have too many products and 156 00:11:00,838 --> 00:11:02,738 that's like our current main problem. 157 00:11:03,028 --> 00:11:04,918 And that's what we are currently working on. 158 00:11:05,438 --> 00:11:12,288 And um, we want to get a bit away of too many products and focus more on providing 159 00:11:12,288 --> 00:11:17,508 more high quality products and maybe up at a more focused scope instead of my 160 00:11:17,928 --> 00:11:24,118 former shotgun approach to watch products to add all of them, all of them, right? 161 00:11:24,928 --> 00:11:29,738 So, but you can, I can actually tease that, so, because we are opening a 162 00:11:29,778 --> 00:11:33,288 second online store just for Switzerland. 163 00:11:34,193 --> 00:11:34,833 Which will be shopinbit. 164 00:11:34,833 --> 00:11:38,803 ch and it will launch on the 25th of October. 165 00:11:39,583 --> 00:11:44,033 And there we already implemented our new style, I would say. 166 00:11:44,063 --> 00:11:49,323 So it's not the biggest online store, but we are the privacy 167 00:11:49,323 --> 00:11:51,063 focused department store. 168 00:11:51,283 --> 00:11:55,373 Because that's the, I think that's the other thing that 169 00:11:55,373 --> 00:11:58,773 people will like about our store. 170 00:11:59,143 --> 00:12:02,063 Is that we literally have zero marketing. 171 00:12:02,408 --> 00:12:05,168 analytics, tracking cookies, etc. 172 00:12:05,218 --> 00:12:09,108 So you can check it with your uBlock if you're a little bit technically 173 00:12:09,678 --> 00:12:14,948 versed and you will see that there, we, we, we don't even have Google 174 00:12:14,948 --> 00:12:17,698 fonts, like the fonts for the website. 175 00:12:17,698 --> 00:12:20,058 So they look a little bit more flashy and stuff. 176 00:12:20,528 --> 00:12:21,678 We don't even have them. 177 00:12:21,918 --> 00:12:25,338 So we are very serious about the whole privacy stuff. 178 00:12:25,748 --> 00:12:30,578 So I think that should be our two USPs, like paying directly with Bitcoin and our. 179 00:12:31,043 --> 00:12:36,433 Eman's focus on privacy, like we go to length and it's really hard to do 180 00:12:36,453 --> 00:12:42,623 e commerce without privacy invading, invading tools because everyone wants you 181 00:12:42,623 --> 00:12:44,393 to like, Hey, don't you need more data? 182 00:12:44,793 --> 00:12:46,323 We can do some more analytics. 183 00:12:47,468 --> 00:12:51,468 Yeah, that's what we realized when we started our shop here, like, holy shit, 184 00:12:51,538 --> 00:12:56,468 the amount of data you get on people, or, which you just have to collect if 185 00:12:56,468 --> 00:12:58,698 you, if you run an online store, right? 186 00:12:59,273 --> 00:12:59,823 Yeah, yeah. 187 00:13:00,498 --> 00:13:04,598 it is hard, uh, but yeah, I really appreciate that, now there's no 188 00:13:04,608 --> 00:13:09,283 cookies and stuff, and, and the, uh, The, um, uh, collaboration you had 189 00:13:09,293 --> 00:13:15,283 with WasabiWallet, uh, super cool, uh, maybe I wasn't supposed to say 190 00:13:15,283 --> 00:13:16,703 that, maybe we should edit that out. 191 00:13:17,873 --> 00:13:18,443 that's okay. 192 00:13:18,443 --> 00:13:20,017 It's still running because. 193 00:13:20,468 --> 00:13:20,958 Yeah. 194 00:13:23,323 --> 00:13:27,893 Maybe we can edit out the previous question as well, I don't know, this 195 00:13:27,893 --> 00:13:31,396 conversation is taking other directions. 196 00:13:31,396 --> 00:13:32,797 But, uh, 197 00:13:33,298 --> 00:13:34,398 No, no, no, no worries. 198 00:13:34,478 --> 00:13:38,288 Like no, it's, it was, it's a cool collaboration and it's still ongoing 199 00:13:38,298 --> 00:13:43,018 because the teams have changed of course, uh, because of the recent developments 200 00:13:43,048 --> 00:13:47,268 with, uh, developments with Wasabi, but you can use our premium services 201 00:13:47,288 --> 00:13:48,668 as well through the Wasabi wallet. 202 00:13:49,303 --> 00:13:54,923 And also in the near future, also with the other, uh, forks, like Ginger, so 203 00:13:54,923 --> 00:13:59,533 that's coming, it's in the works, um, but since we've been opening up the new 204 00:13:59,903 --> 00:14:04,463 Swiss, uh, company, we had to get the legal stuff in the background going, 205 00:14:04,463 --> 00:14:09,348 so that's why it's not as high promoted as it used to be, but It will be back. 206 00:14:09,918 --> 00:14:14,418 All right, so, um, but, but there is, for the

Bitcoiners who do not know, 207 00:14:14,418 --> 00:14:20,518 there is, way, there are ways of buying practically anything you want for 208 00:14:20,528 --> 00:14:26,318 Bitcoin and in total privacy in the EU right now, like, and it's super cool. 209 00:14:26,723 --> 00:14:32,593 Um, very anti authoritarian, and, uh, I mean, very Rothmardian, 210 00:14:32,633 --> 00:14:33,853 for lack of a better word. 211 00:14:34,213 --> 00:14:39,283 Uh, and selling stuff should not be a crime, anywhere. 212 00:14:40,963 --> 00:14:42,093 That's the gist of it, right? 213 00:14:42,508 --> 00:14:43,048 Exactly. 214 00:14:43,048 --> 00:14:43,468 Exactly. 215 00:14:43,468 --> 00:14:47,008 And I think that's the biggest problem within the EU currently. 216 00:14:47,008 --> 00:14:51,088 Like you always feel like you're a criminal even though 217 00:14:51,128 --> 00:14:52,488 you're 100 percent legal. 218 00:14:52,488 --> 00:14:57,498 Like we literally, we have, we're going the extra mile to stay legal, right? 219 00:14:57,498 --> 00:15:02,988 Because sometimes people ask us, we're like, Accessories for their sporting 220 00:15:02,988 --> 00:15:05,988 weapons, like bows, crossbows, etc. 221 00:15:06,578 --> 00:15:10,558 But we have the eternal rule, no weapons of any kind. 222 00:15:10,628 --> 00:15:14,398 Like, it's not that it's illegal, like, we're, we're, um, our jurisdiction is 223 00:15:14,638 --> 00:15:19,193 Poland, and Everyone knows Poland is a little bit more easy going when it comes 224 00:15:19,193 --> 00:15:24,053 to guns, but I personally don't want to be involved in that kind of business. 225 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.